Report of the Director of Markets and Consumer Protection.
The Committee considered a report of the Director of Markets and Consumer Protection seeking approval for the 2016-2019 Business Plan of the City of London’s Wholesale Markets, which are part of the Department of Markets and Consumer Protection.
The Chairman highlighted that Markets Operational Performance Indicator 2 (MKPI2) would be amended to read “100% of debts to be settled within 90 days” to reflect the current Committee strategy.
A Member requested that, on the risk register the narrative under ‘effect’ for MCP-SM 002 and MCP-SM 005 be amended to read “if this risk were to be realised it couldresult in prosecution……..” as opposed to would result in prosecution.
RESOLVED – That, Members approve the Markets Business Plan 2016-2019 and its appendices.