Ofcom has today announced plans to streamline the license review process in order to reduce the regulatory burden of licensing regulation.
Under the 2003 Communications Act Channel 3 (ITV) licensees are entitled to have the financial terms of their licenses reviewed from 31 December 2004.
This process would normally have taken place in stages but Ofcom wants to enable all 16 licensees to have their terms reviewed at the same time. In setting out proposals to simplify these reviews Ofcom hopes to improve transparency and reduce the regulatory burden on broadcasters.
A full consultation document has been published here and Ofcom hopes to respond to this and publish its timetable for reviews in early April 2004.