In an issue-specific standard, the statement of issues section defines a security issue and any relevant terms, distinctions, and conditions.
What is statement of issues?
According to Government Code section 11504, a Statement of Issues is a written declaration submitted by a County or Department outlining the reasons for denying a license, approval, or privilege and listing the laws and regulations that a respondent must demonstrate compliance with.
A Statement of Issues gives all interested parties—including clients, rivals, shareholders, and other stakeholders—the chance to learn about and weigh the main problems the ACCC has identified. A Statement of Issues published by the ACCC does not represent the ACCC's final opinion regarding a proposed acquisition; rather, it presents the ACCC's initial viewpoints, draws attention to specific issues that raise varying levels of competition concerns, and identifies the lines of additional research that the ACCC wishes to conduct.
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