SMN 3.36% 72.0¢ structural monitoring systems plc

SMN technical analysis chart, page-966

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    This is the explanation from the FAA site.
    Q1) What is reciprocal acceptance?
    Acceptance actually has two parts. First, “acceptance” is when an importing authority acknowledges an exporting authority’s issuance and treats it with the same validity as if they had made the issuance. Because of this, the exporting authority’s issuance can be used within the importing authority’s jurisdiction without further action. As such, the importing authority will no longer issue a validation approval letter (or similar).
    Q2) How is reciprocal acceptance conducted?
    As with all agreements, the procedures between authorities are identified in the applicable Implementation Procedures under a bilateral executive agreement. These procedures will identify exactly which issuances will be accepted by each authority and the processes to be followed between the authorities.
    Q3) What started this whole idea of reciprocal acceptance?
    For many years, industry has requested that FAA, ANAC, TCCA, and EASA each accept an exporting authority’s TSO approval and eliminate the importing authority’s validation approval
    Version: April 2023 Page 1 of 8

    and issuance activities. It has been believed that no additional safety to the article is achieved by the importing authority’s approval action.
    As a result, the FAA, ANAC, TCCA, and EASA have acknowledged industry’s concerns and have mutually worked toward this goal. Based on more than a decade of experience between the FAA and these authorities, enough confidence in each other’s systems has been developed to support the reciprocal acceptance of TSO articles.

    This FAA approval is for the cvm to be given AMOC designation for crack detection on APB, they just chose the Boeing A/C to get there. RL has commented a number of times this will be the blue print and all other applications will now simply pass straight through. The whole approval is for the technology not the aircraft type and all other regulatory bodies have agreed to reciprocate so no roadblocksYes airbus will need EASA approval but this is already been given as it’s two way reciprocal process.
 
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