OpenLegislation

Paragraph 9

Original text. Later amendments are not shown.

Whether there are systems and processes—

(a)

for identifying, managing and monitoring operational, financial, regulatory and compliance risks;

(b)

for identifying, managing and monitoring risks in respect of the soundness of the design of the scheme;

(c)

for recording and documenting risks in an appropriate and durable format;

(d)

for ensuring that risks are managed in a timely manner by persons with the appropriate skills, knowledge and resources;

(e)

for informing the trustees about risks that have arisen and the steps being taken to manage them.