Concerns and recommendations Sample Clauses

Concerns and recommendations. 48.3.1 In instructing the Pool Auditor in respect of any of the matters referred to in Clause 47.1 the Executive Committee shall require the Pool Auditor:- (a) forthwith to report any material concerns with respect to matters the subject of the relevant audit, test, review and/or check; and (b) to make such recommendations as to changes in the procedures, controls and/or audit coverage as the Pool Auditor considers appropriate. Upon receipt of any such report or recommendation the Executive Committee shall, after consultation with those persons responsible for operating the relevant system, prepare and send or cause to be prepared and sent a report to the Director, the Pool Auditor, the Settlement System Administrator (if the report concerns Stage 1 Settlement), Pool Agents and to such other persons as the Executive Committee shall decide (which may include those persons responsible for operating the relevant system) enclosing a copy of the Pool Auditor's report or recommendation. The Executive Committee shall instruct the Settlement System Administrator, the Pool Funds Administrator or (as the case may be) the relevant Pool Agent to carry out such corrective action as the Pool Members in general meeting may approve or (where such approval is not required by the terms of this Agreement) as the Executive Committee may resolve consequent upon receipt of the Executive Committee's report (which the Settlement System Administrator and the Pool Funds Administrator undertake promptly to do). 48.3.2 In instructing the auditor in respect of the Scheduling and Despatch Review the Grid Operator shall require the auditor to make the reports and recommendations referred to in Clauses 48.3.1(a) and (b). Upon receipt of a copy of any such report or recommendation the Executive Committee shall, after consultation with the Settlement System Administrator and the Grid Operator, prepare or send or cause to be prepared and sent a report to Pool Members, the auditor carrying out the Scheduling and Despatch Review and the Settlement System Administrator enclosing a copy of the report or recommendation. The Executive Committee may instruct the Grid Operator to carry out such corrective action as may be reasonable and practicable in all the circumstances and which is consistent with the Grid Code which the Pool Members in general meeting shall approve. The Executive Committee shall have the right, after consultation with the Grid Operator, to notify the Pool Agents (or any of the...