On 18th November 2011 the SEM Committee published a Consultation Paper (Treatment of Losses in the SEM (SEM-11-098)) to report on the results of the TLAF splitting impact analysis in the SEM and to carry out a full public consultation on this matter.
The purpose of this paper is to outline and sumarise the responses to the Consultation Paper and to put forward the proposed decision of the SEM Committee on the treatment of losses in the SEM resulting fom that consultation process.