1. The loan originating Qualifying Investor AIF shall establish and implement appropriate, documented and regularly updated procedures, policies and processes for each of the following:
• Risk appetite statement;
• The assessment, pricing and granting of credit (including criteria, governance and decision making, committee structures);
• Credit monitoring, renewal and refinancing (including criteria, governance and decision making committee structures);
• Collateral management policy;
• Concentration risk management policy;
• Valuation, including collateral valuation and impairment;
• Credit monitoring;
• Identification of problem debt management;
• Forbearance;
• Delegated authority;
• Documentation and security.
2. The loan originating Qualifying Investor AIF shall ensure that:
(a) credit-granting is based on sound and well-defined criteria and that the process for approving, amending, renewing and re-financing credits is clearly established;
(b) subject to para
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