MP153 Follow up changes for Communications Hub Finance Charges

MP118 ‘Communications Hub Finance Charges’ was implemented as part of the November 2020 SEC Release. MP118 proposed changes to SEC Sections J1.2(a), J1.2(b) and J1.7 so that the DCC is no longer obliged to bill Communications Hub Finance Charges under separate invoices. The solution proposed that all invoiced items will be included on one invoice and paid to one bank account. This will be more efficient for the Approved Finance Party and the DCC to invoice and easier for SEC Parties to pay.

The changes required to Section J1.2(b) to facilitate the Proposed Solution were erroneously omitted from the legal text of MP118 during the Refinement Process due to human error.

The Proposed Solution is to amend Section J 1.2(b) so that the DCC only has to provide a separate invoice for Communications Hub Finance Charges if that is what is required under the direct agreement with the Approved Finance Party.

All SEC Parties

Section J 'Charges'