MIR 4.7.37

For the purposes of investing its own or its participants' deposits and custody assets, a Recognised Clearing House must ensure that:

(a) it has an investment strategy which is consistent with its overall risk-management strategy and is fully disclosed to its Members and other participants using its facilities; and
(b) its investments comprise instruments with minimal credit, market, and liquidity risks. For this purpose, the investments may be secured by, or be claims on, high-quality obligors, or the arrangements allow for quick liquidation with little, if any, adverse price effect, or there is no investments in obligors affiliated with or securities issued by the participant.