MACD Provides Guidance on Compliance with Requests for Information
December 17, 2020
The Market Assessment and Compliance Division (MACD) of the IESO launched the Compliance Enforcement Guidance program to help foster understanding of, and compliance with, the market rules. MACD plans to provide guidance documents that cover a number of areas, starting with its Statement of Approach (SOA) on Compliance with Requests for Information. This SOA is intended to help market participants understand the need to comply with such requests as well as the risks and implications associated with non-compliance. A copy of the document is available on the IESO web site. Additional topic and rule-specific SOAs will be posted in the months to come.
Under the Compliance Enforcement Guidance program MACD may, upon request or on its own initiative, provide its view of the meaning of a specific market rule provision and its potential application to compliance and other enforcement determinations. More information on the program is available here.