Enforcement decision-making process published
The Authority has now published its enforcement decision making process (“DMP”).
In its Strategic Plan which was published last year, the Authority committed to further develop its culture of constructive, open and transparent engagement with industry and other key stakeholders. As part of that commitment, the Authority has developed and implemented a new DMP.
The DMP sets out clearly the staged process which the Authority follows when considering certain enforcement action. The DMP also introduces for the first time in a public document the concept of settlement in enforcement cases.
At industry seminars in September and October 2019, Tom Maher (General Counsel of the Authority), explained the background to the DMP, the reason for implementing it now, the rationale for the new formal settlement procedure and provided guidance on the Authority’s expectations of industry. The seminars were attended by over 400 industry delegates.
The DMP can be found here.