17. Recovery and resolution plan
Feedback & supportAn approved clearing house shall maintain at all times a plan of action (referred to in this regulation as a recovery and resolution plan) setting out the procedures and establishing the systems necessary, in the event of financial pressures or stress —
to restore the ability of the approved clearing house to operate as a going concern; and
to ensure the orderly winding up of the approved clearing house.
An approved clearing house shall review the procedures and systems referred to in paragraph (1) on such regular basis as may be specified in the recovery and resolution plan.
Subregulation 1
An approved clearing house shall maintain at all times a plan of action (referred to in this regulation as a recovery and resolution plan) setting out the procedures and establishing the systems necessary, in the event of financial pressures or stress —
to restore the ability of the approved clearing house to operate as a going concern; and
to ensure the orderly winding up of the approved clearing house.
Subregulation 2
An approved clearing house shall review the procedures and systems referred to in paragraph (1) on such regular basis as may be specified in the recovery and resolution plan.