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Friday, 18 January 2013

Specsavers ordered to become registered with the General Optical Council


All of Specsavers' joint venture companies (JVCs) must register with the General Optical Council, the regulator has ordered.
The GOC said it had opened an investigation into the matter after it received a complaint about unregistered Specsavers JVCs and subsequently made its policy on registration of corporate bodies clear to the multiple.

'Specsavers has now agreed to make sure that all its JVCs are registered as soon as possible. We welcome this decision and have now begun to process applications from previously unregistered JVCs,' said a GOC spokesperson.
Responding to the new requirements, a Specsavers spokesperson said: 'Following clarification received from the GOC in December, Specsavers has been working towards registering each individual store company in addition to the overall parent company registration.'
The news follows a third story (News 28.09.12 and 07.12.12) in Private Eye which questioned the multiple's operating practices as a result of its registration status.
The GOC said its research project into the future of business registration (News 07.12.12) would continue as planned.
'This project has always been in our 2012/13 business plan and is not related to recent press coverage of our body corporate registers. As we noted in our response to the Law Commissions, we believe that there may be scope for the new statutory framework to contain provision for a more clear, modern and proportionate system of business regulation; the current research project is to inform our thinking in this area,' said the GOC.