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Hi guys,
Just an update on the Code of Practice progression.
As you all know, it’s currently being dealt with at the OFT. The last visit we made to the OFT, we were given the task of a GAP Analysis. This is basically an in depth report we had to compile, to prove we meet their criteria for approval.
This report has now been completed, and has been submitted to the OFT, so, the ball is back in their court.
I’ll update you all as and when we get the next contact with the OFT, which I should imagine will be in the next few weeks.
We are however, another step closer to approval 🙂
Adrian.
Re: WTA Code of Practice
Ok…
Thanks to Ken for the prompt, I will admit to forgetting to update this thread 8)
I’ve had a response from the OFT regarding the GAP Analysis that we did whilst in Kilmarnock last month.
As expected, they’d picked up issues about the COP. What was unexpected though, was the issues they had picked up, are resolvable with minimal effort and little or no change to the COP, just basically providing information to the OFT that backs up the COP GAP.
So, to cut a long story short:
1… They like the COP
2… We’ve met the criteria set out in the GAP Analysis
3… Before I reveal the next bit, I’ll quote something said by the OFT Case Worker whilst we were at our last OFT meeting… “The formal application is about 2 thirds of the way to approval”. Well chaps, we now have the invitation to formally apply! That means we’ve jumped all the hurdles, the COP is deemed to be ‘Approvable’ and we’re, without doubt, over half way to final approval!That’s all that remains now is a few ‘GAP changes’ and ‘Proof Submissions’ (Which will be done on December 10th) and the COP is to go up & down the floors at the OFT, stamped by their Legal department and other departments that need to stamp it, and we’re away! 😀
Ade 🙂
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