NON-REGULATORY
Acuity RM Group plc
("Acuity" or the
"Group")
New product launch
Acuity (AIM: ACRM), the software group, is
delighted to announce that its wholly owned operating subsidiary,
Acuity Risk Management Limited ('ARML') which supplies the
award-winning STREAMâ software
platform for the Governance, Risk and Compliance ("GRC") market,
together with associated consultancy services, has launched STORM,
a counter terrorism risk management report, at a reception held at
the House of Commons.
Terrorism is a global and growing issue.
The United Kingdom was the third most impacted country in Europe in
2021. This has led to several Government initiatives
including Protect Duty, also known as Martyn's Law proposed changes
to legislation which was highlighted in the King's Speech in
November 2023 for the current parliamentary session. The law
will require a range of assessments to be carried out together with
appropriate risk management measures. It will impact all
large events including sports venues, festivals, theatrical, and
tourist attractions expected to attract more than 100
people.
Protect Duty will require the operator of an
event to take various prescribed steps including a general written
risk assessment covering its activities, to take steps to cover
security risks such as terrorism. This includes a general
written assessment covering its activities and specific measures
including staff training, co-ordination between various bodies such
as stadium staff and the police. Use of STORM covers all the
key elements to fully comply with Protect Duty. Failure to
comply could result penalties including criminal prosecution and
fines for the organisation, its management as well as impacting its
insurance.
Kerry
Chambers, Chief Executive ARML, commented;
"I am proud to launch STORM,
our latest innovation in risk management reporting. With the
increasing global threat of terrorism, it has never been more
important for organisations to proactively manage their security
risks and ensure the safety of their stakeholders. STORM
addresses this fast emerging market driven by best practice and the
proposed Protect Duty legislation. Acuity brings its experience of
complex risk management and support the creation of safer,
more secure environments for all."
Note to Editors
Acuity RM Group plc
Acuity RM Group plc (AIM: ACRM), is
an established provider of risk management services. Its
award-winning STREAM® software platform collects data about
organisations to improve business decisions and management.
It is used by around 70 organisations in markets including
government, utilities, defence, broadcasting, manufacturing and
healthcare.
The Company is focused on delivering
long term, sustainable growth in shareholder value. In the short to
medium term this is expected to come from organic growth and
thereafter may also come from complementary
acquisitions.
