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PIB A5.8.15

(1) An Authorised Firm must take reasonable steps to establish and maintain such systems and controls to monitor and manage its Underwriting and sub-underwriting business as are appropriate to the nature, scale and complexity of its Underwriting and sub-underwriting business.
(2) In particular, an Authorised Firm must have systems to monitor and control its UnderwritingExposures between the time of the initial commitment and working day one in the light of the nature of the risks incurred in the markets in question.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]