Regulatory Alerts2015-07-15 | NRP-11Added · Updated
Technical Standards for the Comprehensive Risk Management of Entities in Stock Markets
The Technical Standards for the Comprehensive Risk Management of Entities in Stock Markets establish prudential provisions for financial system members operating in securities and products/services markets, including stock exchanges, brokerages, and investment fund managers. The regulations mandate the implementation of a continuous risk management process involving identification, measurement, control, and monitoring, supported by a segregated organizational structure. Key requirements include the Board of Directors' approval of risk policies and exposure limits, the establishment of an independent Risk Unit, and the formation of a Risk Committee to oversee risk governance and report to the Board.
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