Award making Belizean cop peer suspiciously (5,5,5)

I believe the answer is:

nobel peace prize

I'm a little stuck... Click here to teach me more about this clue!

'award' is the definition.
Both the definition and answer are verbs in their base form.
Maybe they are linked in a way I don't understand?

'belizean cop peer suspiciously' is the wordplay.
'suspiciously' indicates an anagram (I've seen this in other clues).
'belizean'+'cop'+'peer'='belizeancoppeer'
'belizeancoppeer' anagrammed gives 'NOBEL PEACE PRIZE'.

'making' is the link.

Can you help me to learn more?

(Another definition for nobel peace prize that I've seen is " international trophy".)

I've seen this clue in The Daily Express.

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