Authorised Firm must take all appropriate steps to ensure the effectiveness of the Credit Risk mitigation arrangements it employs and to address related risks.
(2) Where an
Authorised Firm reduces or transfers Credit Risk by the use of Credit Risk mitigation, an Authorised Firm must employ appropriate and effective policies and procedures to identify and control other risks which arise as a consequence of the transfer.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]