Segregation of functions requires market infrastructure institutions to separate critical operations, independent regulatory functions, and other business activities. Recognised market infrastructure institutions must identify core and critical functions and organise them into Critical Operations; Regulatory, Legal, ... Summary
Segregation of functions requires market infrastructure institutions to separate critical operations, independent regulatory functions, and other business activities.
Recognised market infrastructure institutions must identify core and critical functions and organise them into Critical Operations; Regulatory, Legal, Compliance, Risk Management and Investor Grievances; and other functions, including business development. Functions and personnel within the regulatory, legal, compliance, risk management and investor grievances vertical must be ring-fenced from the other verticals. This replaces the earlier policy-based requirement for segregation of regulatory departments.
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