COB 12.5.3

The Operator of a Scheme must ensure that the Administrator adopts and implements appropriate mechanisms to:
(a) measure, monitor, stress-test and manage the policies and strategies referred to in COB Rule 12.5.2;
(b) assess whether the policies and strategies are adequate and are operating as intended in both normal and stressed conditions; and
(c) address any gaps and failures identified.
Derived from DFSA RMI261/2019 (Made 18th December 2019). [VER35/01-20]