- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
3.—(1) The exchange must ensure that the systems and controls used in the performance of its functions are adequate, and appropriate for the scale and nature of its business.
(2) Sub-paragraph (1) applies in particular to systems and controls concerning—
(a)the transmission of information;
(b)the assessment and management of risks to the performance of the exchange’s functions;
(c)the effecting and monitoring of transactions on the exchange;
(d)the operation of the arrangements mentioned in paragraph 4(2)(d) below; and
(e)(where relevant) the safeguarding and administration of assets belonging to users of the exchange’s facilities.
Click 'View More' or select 'More Resources' tab for additional information including: