12.18.1
A Trading Member must carry out checks from time to time to ensure compliance with:
(1) the regulatory requirements of such Relevant Regulatory Authority;
(2) the Rules, Directives; and
(3) its policies and procedures.
Amended on 19 May 201419 May 2014.
12.18.2
The checks must be carried out by an internal audit or compliance department/person whose reporting line is independent of dealing, sales and operations.
Added on 19 May 201419 May 2014.