(1) For the purpose of Regulation 87(a), a market operator shall have in place sound, effective and comprehensive strategies, processes and systems to assess and maintain on an on-going basis the amount and distribution of capital that it considers adequate to cover the nature and level of the risks to which it is or might be exposed in stressed market conditions.
(2) For the purpose of Regulation 87(a), a market operator shall prepare a recovery plan that adheres to the following principles:
(a) the recovery plan shall set out actions that would be taken to facilitate the continuation of the business or to secure the business or part of the business in a situation where a market operator is experiencing financial instability;
(b) the recovery plan shall not assume that financial support will be available from the State.
(3) A market operator shall submit its recovery plan to the Bank and, where the Bank so directs, a market operator shall demonstrate that the plan can be implemen