Luckily, yes. There's a web page where you fill in the details, you upload the footage and then they actually do something about it. Options for "positive action" are:

• Letter - which has the same status as a police warning, i.e. no action taken at the time but it can be used against you later if you go to court for something similar
• Points and fine with the option of taking a driving education course instead
• Points and a fine with no alternative
• Sent to court

All these can be appealed. Interestingly, I once spoke to one of the people who processes the cases. He said that the drivers don't get to see the video footage unless they say they want to appeal. Then they see the footage and almost all of them drop it.