MIR 4.5.7

A Recognised Clearing House must have adequate compliance procedures in place to ensure that:

(a) its Business Rules and Default Rules are monitored and enforced;
(b) any complaints relating to its operations or regarding Members and other participants on its facilities are promptly investigated;
(c) where appropriate, disciplinary action resulting in financial and other types of penalties can be taken;
(d) appeal procedures are in place; and
(e) referrals can be made to the Regulator in appropriate circumstances.