https://www.taxtmi.com/circulars?id=58092 Depositories must adopt a Board approved Risk Management Framework aligned with FMI principles that provides an integrated view of risks (including technological, legal, operational, custody and business risks), specifies systems, policies and procedures to identify, assess, monitor and manage risks, states a risk tolerance policy, and allocates responsibilities and accountability. A Risk Management Group/Committee headed by a Chief Risk Officer must periodically identify and evaluate risks, recommend mitigation, monitor framework effectiveness and report to the Board; bye laws must be amended and implementation status reported to the regulator. en-us Mon, 12 Jan 2015 00:00:00 +0530 Thu, 06 Dec 2018 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58092 Depositories must adopt a Board approved Risk Management Framework aligned with FMI principles that provides an integrated view of risks (including technological, legal, operational, custody and business risks), specifies systems, policies and procedures to identify, assess, monitor and manage risks, states a risk tolerance policy, and allocates responsibilities and accountability. A Risk Management Group/Committee headed by a Chief Risk Officer must periodically identify and evaluate risks, recommend mitigation, monitor framework effectiveness and report to the Board; bye laws must be amended and implementation status reported to the regulator. Circulars SEBI Mon, 12 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58092