Section 59
Obligation to manage risks prudently, etc.
of Securities and Futures Act 2001
ActIn forceProvision 119 of 701
Section 59
Amended by4/2017
Without limiting section 57(1)(b), an approved clearing house must ensure that the systems and controls concerning the assessment and management of risks of the clearing facility that the approved clearing house operates are adequate and appropriate for the scale and nature of its operations.