10.The Government has said that it would prefer to see an industry led approvals process instead of the statutory scheme envisaged in Part I of the Act. The Alliance for Electronic Business (AEB) has drawn up an industry led scheme (known as the tScheme). The Government has said that it will not commence Part I of the Act if it continues to be satisfied that the tScheme meets the Government’s objectives. A prospectus detailing the Scheme has been published and is available at www.fei.org.uk/fei/news/tscheme.html.
Industry “Approvals” Scheme