SAP Council definition
Examples of SAP Council in a sentence
To ensure the necessary transparency, the Fee Application Report includes also the breakdown per SAP Task of the yearly fee for each TSOThis Report is approved in accordance with the SAP Cost Sharing methodology, and is consulted with the SAP Council on a yearly basis and no later than on 31 October for the invoicing period from 1 January to 31 December of the following year.
The combination of the cost-sharing keys applicable to each SAP Task will be included in the so-called SAP fee structure to be approved by the SAP Council in accordance with the rules established in Article 61 of the SAP Proposal.
The role of the SAP Council shall include deciding upon operational procedures and fulfilment of SAP tasks.
SAP (Council Payroll) is the primary source of data being used to create ‘skeleton records’ for pensioner records on UPM (until all Altair pensions admin system data is migrated later in 2021).
A SAP Fee Structure will be agreed by the SAP Council, setting out the combination of sharing keys for each SAP task and process for making any adjustments.
All TSOs and the SAP Operator shall participate in the SAP Council to fulfil the SAP Tasks in accordance with the FCA Regulation.
A Fee Application Report will be provided to the SAP Council every year, including individual TSO fees.
JAO is a joint service company owned and operated by TSOs. The SAP shall be governed by a SAP Council, constituted of all TSOs providing long-term transmission rights and the SAP Operator (JAO).