‹ PIB 4.14.39 Exposures that are in a Second Loss Position or Better of an ABCP › PIB 4.14.40 An Authorised Firm must have systems and controls in place to monitor effectively the composition of Exposures where the look-through provision has been applied on an ongoing basis. Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12] ‹ PIB 4.14.39 Exposures that are in a Second Loss Position or Better of an ABCP ›