(1) The board of the market operator shall approve the following:
(a) the strategies, processes and systems referred to under Regulation 89(1);
(b) the recovery plan referred to under Regulation 89(2); and
(c) the wind-down plan referred to under Regulation 90(1).
(2) The items referred to under points (a), (b) and (c) of paragraph (1) shall be subject to regular internal review by the market operator, at a minimum on a quarterly basis, to ensure that they remain up to date and comprehensive and proportionate to the nature, scale and complexity of the activities of the market operator. The board of the market operator shall approve the conclusions arising from such internal reviews.