Market Surveillance and Compliance Panel definition

Market Surveillance and Compliance Panel has the same meaning as "market surveillance and compliance panel" in the Market Rules;
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Market Surveillance and Compliance Panel means the panelestablished by the EMC pursuant to section 2.6 of Chapter 3;
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Examples of Market Surveillance and Compliance Panel in a sentence

  • An independent Market Surveillance and Compliance Panel monitors the functioning of the market and reports at least once a year to the EMC Board on the state of competition in the market.

  • The default process only covers the relationship between EMC and the market participants, the market rules do not cover processes between retailers and their customers.The market rules make no specific allowance for a retailer of last resort, but rather allow for the Market Surveillance and Compliance Panel to request the issuance of a special administration order under the Electricity Act in the event of a default which results in a suspension order.

  • After this effective gate closure, any change in offer, although accepted by the software, is reported by the EMC to the Market Surveillance and Compliance Panel (MSCP) and subject to market surveillance investigation.

  • Conduct must be for business purposes only and not for misleading or manipulative purposesAll electricity through pool One large gentailer Cogeneration a key featureSingaporeMandatory energy-only marketUniform priceEffective gate closure of 65 mins (after which offers are subject to market surveillance investigation) Firm gate closure of 5 minsS$4,500/MWh for energy pricesThe Market Surveillance and Compliance Panel enforces Market Rules on behaviour.

  • The Market Rules state that the EMC shall report offer variations of revised standing offers submitted after gate closure to the Market Surveillance and Compliance Panel (MSCP) for investigation.

  • With this, the Power System Operator (PSO) need not refer, and the Market Surveillance and Compliance Panel (MSCP) need not conduct investigation into, straightforward non-compliance with dispatch.

  • Under such situations, load providers can appeal to the Market Surveillance and Compliance Panel (MSCP) for a waiver of the penalty if the licensed load providers can demonstrate to the MSCP’s satisfaction that the non-compliance falls under one of the situations listed in Table 9.

  • For further details, please refer to the Determination of the Market Surveillance and Compliance Panel, MSCP/2012/D3, 17 July 2012.

  • Due to the failure to withdraw offers from units that could not perform, prices for energy/reserve/regulation did not rise to accurately reflect the physical scarcity, and the Market Surveillance and Compliance Panel (MSCP) estimated the total financial impact of this incident to be around $1.68 million.

  • Views and opinions expressed herein are not necessarily the official views of, or endorsed by, the Departments of the Army and Air Force or the State of South Dakota.

Related to Market Surveillance and Compliance Panel

  • market surveillance means the activities carried out and measures taken by public authorities to ensure that products comply with the requirements set out in the relevant Union harmonisation legislation and do not endanger health, safety or any other aspect of public interest protection;

  • medical surveillance means a planned programme or periodic examination (which may include clinical examinations, biological monitoring or medical tests) of employees by an occupational health practitioner or, in prescribed cases, by an occupational medicine practitioner;

  • market surveillance authority means an authority of a Member State responsible for carrying out market surveillance on its territory;

  • Quality Assurance Program means the overall quality program and associated activities including the Department’s Quality Assurance, Design-Builder Quality Control, the Contract’s quality requirements for design and construction to assure compliance with Department Specifications and procedures.

  • Quality Assurance means a systematic procedure for assessing the effectiveness, efficiency, and appropriateness of services.

  • Environmental and Social Management Framework or “ESMF” means an instrument satisfactory to the Association, prepared and adopted by the Recipient and dated February 5, 2010 outlining the process for management of the environmental and social aspects of the Project as the same may be amended from time to time with the Association’s prior written concurrence.

  • Quality Assurance Plan or “QAP” shall have the meaning set forth in Clause 11.2;

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.

  • Monitoring Indicator means a measure of HSP performance that may be monitored against provincial results or provincial targets, but for which no Performance Target is set;

  • Surveillance means monitoring and observation of the disposal site for purposes of visual detection of need for maintenance, custodial care, evidence of intrusion, and compliance with other license and regulatory requirements.

  • Independent educational evaluation means an evaluation conducted by a qualified examiner who is not employed by the public agency responsible for the education of the child in question.

  • Clinical review criteria means the written screening procedures, decision abstracts, clinical protocols, and practice guidelines used by a health carrier to determine the necessity and appropriateness of health care services.

  • PJM Reliability Assurance Agreement means that certain Reliability Assurance Agreement Among Load Serving Entities in the PJM Region, on file with FERC as PJM Interconnection L.L.C. Rate Schedule FERC No. 44, and as amended from time to time thereafter. Schedule of Work:

  • Electronic and Information Resources Accessibility Standards means the accessibility standards for electronic and information resources contained in 1 Texas Administrative Code Chapter 213.

  • Environmental and Social Management Plan or “ESMP” means a site-specific environmental and social management plan to be prepared in accordance with the parameters laid down in the ESMF and acceptable to the Association, setting forth a set of mitigation, monitoring, and institutional measures to be taken during the implementation and operation of the Project activities to eliminate adverse environmental and social impacts, offset them, or reduce them to acceptable levels, and including the actions needed to implement these measures.

  • StarCompliance Code of Ethics application means the web-based application used to electronically pre-clear personal securities transactions and file many of the reports required herein. The application can be accessed via the AB network at: https://alliance-ng.starcompliance.com/.

  • Substance Abuse Professional (SAP) means a qualified person who evaluates employees who have violated a DOT drug and alcohol regulation and makes recommendations concerning education, treatment, follow-up testing, and aftercare.

  • Quality Management System means a set of interrelated or interacting elements that organisations use to direct and control how quality policies are implemented and quality objectives are achieved;

  • Radiopharmaceutical quality assurance means, but is not limited to, the performance of appropriate chemical, biological, and physical tests on potential radiopharmaceuticals and the interpretation of the resulting data to determine their suitability for use in humans and animals, including internal test assessment, authentication of product history, and the keeping of proper records.

  • Clinical evaluation means a systematic and planned process to continuously generate, collect, analyse and assess the clinical data pertaining to a device in order to verify the safety and performance, including clinical benefits, of the device when used as intended by the manufacturer;

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.

  • Parent counseling and training means assisting parents in understanding the special needs of their child and providing parents with information about child development, and helping parents to acquire the necessary skills that will allow them to support the implementation of their child's IEP.

  • Maintenance Supervisor (Tradesperson) means an employee who has trade qualifications and has overall responsibility for maintenance at the place of employment and may be required to supervise other maintenance staff.

  • Benchmarking Information means information generated by Portfolio Manager, as herein defined including descriptive information about the physical building and its operational characteristics.

  • Ombudsman means the Company Ombudsman of AllianceBernstein, or any of his/her staff members.