MP153 Follow up changes for Communications Hub Finance Charges

Proposer Nick Kelly
Lead Analyst Joe Hehir
Date raised 16/02/2021
StageImplemented
Implementation date 24 June 2021 (June 2021 SEC Release)
Latest update This modification was implemented on 24 June 2021 as part of the June 2021 SEC Release.

What is the issue?

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.

What is the solution?

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.

Who is impacted?

All SEC Parties

What SEC documents are affected?

Section J 'Charges'

Timeline

16 Feb 2021
Draft Proposal Raised
23 Feb 2021
Discussed at Change-Sub-Committee
30 Mar 2021
Presented to CSC for final comment and recommendations
16 Apr 2021
Panel approve under Fast-Track Modification
16 Apr 2021
to
10 May 2021
Fast-Track decision objection period

Modification documents

MP153 Legal Text v1.0
12/03/2021
MP153 Modification Report v1.0
15/02/2021
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