An Authorised Firm must carry out the evaluations required by
[PIB Rule 7.2.1] as frequently as necessary for it to be reasonably satisfied that it has at all times a sufficient understanding of the degree to which it is exposed to the risks referred to in that PIBRule and the nature of that Exposure. In any case it must carry out those evaluations no less frequently than required by [PIB Rule 7.2.6].
Derived from RM111/2012
(Made 15th October 2012). [VER20/12-12]