The Capital Markets (Derivatives Markets) Regulations

29. Risk management Committee

Edition: 2025-02-14 · In force

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

(2)The risk management committee established under subregulation (1), 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; and

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

(3)The head of the risk management department 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 derivatives exchange.