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Article NO. Content


Directions for Internal Control of Securities Firms Using Modelling in Management Operations  CH

Amended Date: 2016.04.08 
Categories: Market Supervision > Regulation of Securities Firms
Article 7     Securities firms using modelling in management operations shall put in writing regulations (procedures) for the use of modelling in management operations, rules (or directions) and related management rules and implement the same upon approval from the manager of the responsible unit. The content of the rules shall at least include principles for the management of models (verification scope and period, sample data period, use, revision and abolition of models and its parameters), responsibilities of relevant units (model development and use unit, risk management departments, IT department, and internal audit unit), model verification process, approval and reporting hierarchy, and internal audit rules etc.