LM-10.3.2
The testing of the CFP must cover:
(a) Verifying key assumptions, such as the ability to sell or repo certain assets or periodically draw down credit lines;
(b) Ensuring that roles and responsibilities are appropriate and understood;
(c) Confirming that contact information is up-to-date, with reporting lines clearly stated and synchronised with the latest organisation chart;
(d) Proving the transferability of cash and collateral (especially across borders and entities); and
(e) Reviewing that the necessary legal and operational documentation is in place to execute the plan at short notice.
August 2018