AMI 7.2.1.

(1) A Clearing House must have a comprehensive risk management framework (i.e. detailed policies, procedures and systems) capable of managing legal, credit, liquidity, operational and other risks to which it is exposed.
(2) The risk management framework in (1) must:
(a) encompass a regular review of material risks to which the Clearing House is exposed and the risks posed to other market participants resulting from its operations; and
(b) be subject to periodic review as appropriate to ensure that it is effective and operating as intended.
Derived from RM118/2013 [VER15/07-13]