4913. Role of board of directors

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    1. A Dealer Member’s board of directors or equivalent must approve policies and procedures relating to significant risk management to provide reasonable assurance they are consistent with the Dealer Member’s overall broader business strategies and appropriate for market conditions.

    2. An appropriate Executive must report at least annually to the Dealer Member’s board of directors on a Dealer Member’s risk exposure.

    There is no history log for this rule.

    There is no history log for this rule.