Tisa updates on re-reg project
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The Tax Incentivised Savings Association has issued an update on its re-registration project, saying draft service level agreements are due for peer review at the end of the week.
Once reviewed the SLAs will be posted on the Tisa website for the industry to provide feedback.
After the SLAs have been legally agreed Tisa will pilot the standards to identify any issues.
Chair of Tisa’s executive steering committee David Dalton-Brown says: “We are now seeing the progress we expected and thanks are due to the market practice group for their hard work in getting the SLAs to this stage.
“The next crucial piece of work will be the legal agreements and the running of the pilots. The legal agreements will provide an industry standard contractual framework between transferring parties - including standard indemnity clauses - that are designed to enable a consistent approach to the implementation of the re-registration standards and SLAs.”
Tisa is also looking at setting up a forum for suppliers so they can keep updated with the re-reg project’s developments and adapt in line with the proposed standards.
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