Ofwat gives green light to changes in Code Panel member terms pending governance review

Ofwat has approved and implemented a code change proposed by MOSL to vary the term of Code Panel members.

The term of office for currently elected Panel members is due to expire on 31 March 2021. However, the Panel has commissioned a governance review which is expected to present its recommendations by the March 2021 Panel meeting. The recommendations may include amending the elected Panel representation which would require code changes to be consulted on, approved and implemented over summer 2021.

To prevent having to run an election for members with a new term of office starting on 1 April, only to potentially have to dissolve this Panel to take account of review recommendations, MOSL proposed enabling Ofwat to amend the term of existing elected Panel members, if requested. Ofwat agreed last week.