The SEC is launching an industry consultation on the draft Performance Assurance Framework (PAF) artefacts that will support the Proof of Concept (PoC) phase of SEC Performance Assurance.
Ahead of the full implementation of the PAF, the SEC will undertake a time-limited PoC phase, followed by a Pilot, to test the framework in practice. The PoC will apply the PAF processes, artefacts, and selected Performance Assurance Techniques (PATs) to a defined, real-world issue in order to refine and validate their effectiveness prior to wider business-as-usual implementation.
This consultation provides an opportunity for SEC Parties and other stakeholders to review and provide feedback on the draft artefacts that will underpin the PoC phase, including:
- Risk Evaluation Methodology (REM) – setting out how SEC Risks are identified, assessed, and prioritised in a consistent and evidence-based manner.
- Performance Assurance Risk Register (PARR) – capturing identified risks, their assessment, and the rationale for assurance activity.
- Performance Assurance Operating Plan (PAOP) – describing how assurance activity and Performance Assurance Techniques will be applied during the PoC period.
The consultation will launch on 16 March and close on 7 April.
SEC Parties and other interested stakeholders are invited to review the consultation documents,
which can be viewed on the Performance Assurance Board page and provide comments, questions, or feedback. All feedback should be submitted in writing via email to the SEC Performance Assurance mailbox at SECPerformanceAssurance@seccoltd.com
Feedback received through this consultation will be considered in refining the PAF artefacts ahead of their application during the PoC phase and subsequent wider implementation.
SEC PA will host an industry webinar on 18 March to mark the launch of the industry consultation. Register here.