Building and Construction Industry Security of Payment—Authorised Nominating Authorities (Code of Practice) Order 2020
12Authorised nominating authorities must have management policy
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12 Authorised nominating authorities must have management policy
12 Authorised nominating authorities must have management policy
(1) An authorised nominating authority must have policies and procedures about the following—
(a) the management of adjudication applications, including the referral of applications to adjudicators,
(b) the management of confidential information, including the reporting and storage of commercially sensitive information,
(c) the management and prevention of business continuity risks.
(2) An authorised nominating authority must, at the Secretary’s request, give the Secretary a copy of a policy or procedure under this clause.
(3) In this clause—
commercially sensitive information means—
(a) information a person or body controls that the person or body is required to keep confidential because of a contractual or equitable obligation, or
(b) any other information the disclosure of which would prejudice any person’s legitimate business, commercial, professional or financial interests.