General Criteria Applicable to a Clearing House and Central Depository
CSD-1.2.13
The applicant must also demonstrate to the satisfaction of the CBB that it has:
(a) The financial resources, and the management and human resources with appropriate experience, necessary for the operation of aclearing house orcentral depository ;(b) Made arrangements for the proper supervision of all transactions effected through theclearing house orcentral depository, so as to ensure compliance with theclearing house orcentral depository rules;(c) Taken sufficient steps to maintain security and back-up procedures to ensure the integrity of therecords of transactions effected through theclearing house orcentral depository ;(d) IT infrastructure and necessary systems to perform its function and comply with its obligations, including business continuity and disaster recovery systems;(e) Procedures in place for compliance with obligations in respect of Anti-Money Laundering and the Combating of Financial Crime;(f) Rules and procedures in place for the disciplining of its members anddepository participants ;(g) The ability to avoid and manage any conflicts of interest;(h) The ability to maintain confidentiality as required in this Module.