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Article 72 Operational risk-management function

United Kingdom

Original text. Later amendments are not shown.

As part of the risk-management function, the operational risk-management function of a CSD shall manage the CSD's operational risk. It shall in particular:

  1. (a)

    develop strategies, policies and procedures to identify, measure, monitor and report on operational risks;

  2. (b)

    develop procedures to control and manage operational risks, including by introducing any necessary adjustments in the operational risk-management system;

  3. (c)

    ensure that the strategies, policies and procedures referred to in points (a) and (b) are properly implemented.