A Trading Book policy must include clearly defined policies, procedures and methodologies by which the Authorised Person:
(a) defines its Trading Book and identifies positions to be included in its Trading Book;
(b) allocates positions between the Non-Trading Book and the Trading Book;
(c) actively manages and values its positions in the Trading Book;
(d) measures its Trading Book risks; and
(e) controls transfers of positions between the Non-Trading Book and the Trading Book.