Securities Markets Regulations, 2015 · s 39

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s 39

The holder of a capital markets services licence shall, where appropriate and proportionate in view of the nature, scale, complexity and range of its business, establish and maintain an effective internal audit function which is separate and independent from their other functions and activities and, has the following responsibilities -

199

{a}

to establish and maintain an effective audit plan to examine and evaluate the adequacy and effectiveness of the management systems of the holder of capital markets services licence and their internal control mechanisms and arrangements;