Financial Services (Investment and Fiduciary Services)
Repealed Subsidiary 2007/002
FINANCIAL SERVICES (CAPITAL ADEQUACY OF INVESTMENT
FIRMS) REGULATIONS 2007 It shall also take account of market characteristics, notably delivery dates and the scope provided to traders to close out positions.
13. The Authority may allow investment firms to use empirical correlations within risk categories and across risk categories if it is satisfied that the investment firm’s system for measuring correlations is sound and implemented with integrity.