Securities and Futures Act 2001 · 2020 Revised Edition · Part 2A · Trade Repositories
46ZC. Obligation to manage risks prudently
Feedback & supportLast amended by an amending law of 2012.
Without limiting section 46ZB(1)(b), a licensed foreign trade repository must —
licensed foreign trade repository
“licensed foreign trade repository” means a corporation that has in force a foreign trade repository licence granted by the Authority under section 46E(2);
ensure that the systems and controls concerning the assessment and management of risks to the licensed foreign trade repository are adequate and appropriate for the scale and nature of its operations; and
have adequate arrangements, processes, mechanisms or services to collect and maintain information on transactions reported to the licensed foreign trade repository.