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2.4

It is strongly recommended that the Trading Member should have in place:

(a) a robust risk assessment process for determining the pre-defined approval criteria;
(b) proper documentation to record (i) the basis of the pre-defined approval criteria and (ii) the member(s) of senior management or delegate staff independent of the Trading Member’s sales and dealing who is(are) responsible for establishing the pre-defined approval criteria; and
(c) a process to review the implementation and effectiveness of the pre-defined approval criteria on a periodic basis, and enhance them if necessary.

Added on 24 March 202024 March 2020.