Regulatory Alerts2024-06-14
Implementation of Enterprise Risk Management for Capital Market Operators
The Securities and Exchange Commission directs all Capital Market Operators to implement an Enterprise Risk Management framework aligned with international standards like COSO and ISO 31000. Operators must establish clear risk governance, submit a board-approved policy by September 30, 2024, and file annual risk profiles by January 31 to obtain regulatory no-objection. This mandate strengthens risk-based supervision and anti-money laundering measures while requiring continuous reporting of emerging threats, new products, and structural changes.
Share