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OM-1.3.8

The review and approval process referred to in Paragraph OM-1.3.7 should consider:

(a) Inherent risks in the new product, service, or activity;
(b) Changes to the licensee's operational risk profile and appetite and tolerance, including the risk of existing products or activities;
(c) The necessary controls, risk management processes, and risk mitigation strategies;
(d) The residual risk;
(e) Changes to relevant risk thresholds or limits; and
(f) The procedures and metrics to measure, monitor, and manage the risk of the new product or activity.
January 2014