Principle 10 (IM-2.2.3) requires firms to have systems and controls that are adequate for their business. Consequently, the Risk Management Module of the BMA Rulebook contains rules and guidance on how, specifically, insurance licensees should monitor and manage risk. This module applies in full to insurance brokers, except for the Sections dealing with market risk (RM-4.1) and insurance technical risk (RM-5.1). This Module does not apply to insurance consultants and insurance managers.