(a) A management or investment company shall employ a risk-management process which enables it to monitor and measure at any time the risk of the positions and their contribution to the overall risk profile of the portfolio of a UCITS.
(aa) A management or investment company, when monitoring and measuring risk in accordance with subparagraph (a), shall not solely or mechanistically rely on a credit rating issued by a credit rating agency (as defined in Article 3(1)(b) off Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 [OJ No. L 302, 17.11.2009, p. 1]) for assessing the creditworthiness of the assets of the UCITS concerned.
(b) A management company or an investment company shall employ a process for accurate and independent assessment of the value of OTC derivatives.
(c) A management company or an investment company shall communicate to the Bank regularly and in accordance with particular requirements the Bank shall specify for that p
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