Custodian monitoring obligations require annual expert inspection of systems and submission of the inspection report to the board. Every custodian must maintain adequate mechanisms to review, monitor and evaluate its controls, systems, procedures and safeguards, and must arrange an ... Summary
Custodian monitoring obligations require annual expert inspection of systems and submission of the inspection report to the board.
Every custodian must maintain adequate mechanisms to review, monitor and evaluate its controls, systems, procedures and safeguards, and must arrange an annual expert inspection of those mechanisms with the inspection report forwarded to the Board within three months from the date of inspection.
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