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  • ES-1.11 ES-1.11 Module RM (Risk Management)

    • ES-1.11.1

      Module RM provides detailed requirements on risk management systems and controls required for investment firm licensees. It builds on the high-level controls requirements contained in Module HC.

      Amended: July 2007

    • ES-1.11.2

      The Module obliges firms to identify the range of risks that they face and to put in place appropriate systems to address those risks. It also requires the establishment of an appropriate framework for identifying, monitoring and managing risks across an investment firm licensee's operations.

      Amended: July 2007

    • ES-1.11.3

      Module RM applies to Bahraini investment firm licensees, including their overseas branches (where either the same or equivalent provisions to those in Module RM should apply). Overseas investment firm licensees must demonstrate that the same or equivalent arrangements apply to the whole company, and that these arrangements provide for effective risk management of activities conducted in the Bahrain branch.

      Added: July 2007