(1) An application for registration as a securitisation repository shall contain:

(a) a detailed description of the resources available and procedures designed to identify and mitigate operational risk and any other material risk to which the applicant is exposed, including a copy of any relevant policies, methodologies, internal procedures and manuals drawn up for that purpose;

(b) a description of the liquid net assets funded by equity to cover potential general business losses in order to continue providing core securitisation services as a going concern;

(c) an assessment of the sufficiency of the applicant’s financial resources to cover the operational costs of a wind-down or reorganisation of the critical operations and services over at least a nine-month period;

(d) the applicant’s business continuity plan and a description of the policy for updating that plan, including:

(i) all business processes, resources, escalation procedures and related systems which are critical to ensuring the core securitisation services of the applicant, including any relevant outsourced service and including the applicant’s strategy, policy and objectives for the continuity of those processes;

(ii) any arrangements in place with other financial market infrastructure providers including other securitisation repositories;