Proposed Change:

The assurance strategy objective is to provide assurance that the Market operations will not be disrupted by the legitimate activities of market participants and the introduction of changes to the design of the Market itself. The key principle behind assurance is that it should not place an unnecessary burden on the participant, thus the assurance body has sought to balance the overhead of the assurance process against the risk posed by the participant.

As set out in the Assurance Strategy a small supplier would be expected to pose a lower risk than a large one and the level of rigour to be applied in Retail Market Assurance is consequently lower.

Click here to open the document.