Regulatory Alerts2023-01-01
Minimum Requirements for Risk Management Framework of Licensed Capital Markets Intermediaries in Fiji
The Reserve Bank of Fiji issued Capital Markets Supervision Policy Statement No. 11 to mandate comprehensive risk management frameworks for licensed securities exchanges, broker-dealers, and managed investment scheme managers. The policy requires these intermediaries to establish board-approved strategies, policies, and independent risk functions that identify, measure, and control operational, strategic, investment, market, credit, liquidity, and related party risks. Compliance is enforced through mandatory reporting of risk policies to the regulator, regular internal reviews, and potential sanctions for non-compliance, with full implementation required within twelve months of the June 2023 effective date.
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