The Capital Markets (Commodity Markets) Regulations

16. Risk management committee

Edition: 2022-12-31 · In force

(1)A commodity exchange shall establish a risk management committee comprising directors and independent external experts.

(2)The risk management committee shall—

(a)report to the board;

(b)formulate a detailed risk management policy which shall be approved by the board;

(c)monitor the implementation of the risk management policy;

(d)keep the Authority and the board informed on the implementation of policy and any deviation; and

(e)perform any other responsibilities as may be assigned by the board.

(3)The head of risk management function shall—

(a)be responsible for implementation of the risk management policy; and

(b)report to the risk management committee and to the chief executive officer of the commodity exchange.