The purpose of this document is to set out the process that the BSC Panel, BSCCo and applicants should follow with respect of Sandbox applications.

<div data-id="1-1.1" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">1.1 Purpose and Scope of this document</div>

<div data-id="1-1.2" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">1.2 Main Users of the Procedure</div>

<html><head></head><body><div data-id="1-1.3" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">1.3 Balancing and <u class="defined-term">Settlement</u> <u class="defined-term">Code</u> Provision</div></body></html>

<div data-id="1-1.4" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">1.4 Acronyms and Definitions</div>

<div data-id="1" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">1 Introduction</div>

<div data-id="2" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">2 The BSC Sandbox</div>

<html><head></head><body><div data-id="3" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">3 The <u class="defined-term">BSC Sandbox Application</u> Report</div></body></html>

<div data-id="3.1.1" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">3.1.1 Project information</div>

<div data-id="3.1.2" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">3.1.2 Derogation information</div>

<div data-id="3.1.3" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">3.1.3 Risk assessment</div>

<div data-id="3.1.4" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">3.1.4 Impact assessment</div>

<div data-id="3.1.5" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">3.1.5 Reporting plan</div>

<div data-id="3.1.6" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">3.1.6 Administration Costs</div>

<div data-id="3.1.7" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">3.1.7 Transition Plan</div>

<div data-id="4" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">4 BSSCo role</div>

<div data-id="4.1.1" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">4.1.1 Risk assessment</div>

<div data-id="4.1.2" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">4.1.2 Industry impact assessment</div>

<div data-id="4.1.3" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">4.1.3 Assessment of application</div>

<div data-id="4.1.4" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">4.1.4 Assessment of fees</div>

<div data-id="4.1.5" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">4.1.5 Previous applications</div>

<div data-id="4.1.6" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">4.1.6 Accession to the BSC</div>

<div data-id="5" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">5 Sandbox Eligibility Criteria</div>

<div data-id="6" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">6 Conditions on Derogations</div>

<div data-id="7" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">7 Transition and Exit</div>

<div data-id="8" style="margin-left:0.49in;text-align:justify;text-indent:-0.49in">8 Reporting and Monitoring</div>

CONTENTS

BSC Sandbox Procedure V1.0

Defined Terms

Cross-references