Risk management committee requirement ensures clearing corporations adopt board approved risk policies with implementation and reporting obligations.

Every recognised clearing corporation must constitute a risk management committee of public interest directors and independent external experts reporting to the governing board; the committee shall formulate a detailed risk management policy for governing board approval; the head of the risk management department is responsible for implementation and reports to the committee and the managing director; the committee shall monitor implementation and inform the Board and governing board of implementation status and deviations.

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