Irish Retail Market Assurance Update Assurance Strategy Draft

Irish Retail Market Assurance Update

Assurance Strategy • Draft issued for review & comment • Meetings with most MPs will be completed by the end of the week • A number of useful points have come out of these • Draft will be updated accordingly with a view to issuing by next IGG

Other Assurance Documents • Each workstream will be supported by a process (may be in combined docs. ) • Priorities are MD changes & Entry to new segment • Drafts will be issued for comment • Gradual roll-out over next 3 months

Points raised • Idea of Assurance Approvals Group • • • Small group Operate largely ex-committee Rotating representation Approve assurance processes Approve assurance outcomes

Points raised • Market Segmentation for Approval: • • • HH NHH UMS Domestic? Pre-payment?

Points raised • Other • • • More flexibility on testing slots IPT rather than MSA Scenarios to be reviewed & more clearly targeted Evidence-based rather than presence-based Need for service levels in processes Small organisation = small assurance OR even combined training/assurance Monitoring of above needed Who decides whether a change needs assurance Concern on confidentiality

Assurance Delivery • Current: • 1 Re-qualification (commenced pre-contract) • MCR 50 • June MD change • Pending • 1 participant entering new segment/re-qual