CSD-3.9.4

The licensed clearing house seeking the approval of the CBB under Paragraph CSD-3.9.2 shall satisfy the CBB:

(a) That the management of the investments made by the licensed clearing house is consistent with the principles of preserving principal and maintaining sufficient liquidity to meet the obligations of customers of members of the licensed clearing house;
(b) That prudential measures have been adopted to manage the risks in respect of the licensed clearing house's investment activities; and
(c) Of any other matter which the CBB considers necessary for the sound management of the investments.
Amended: April 2016