2015The Licensed Person shall set in place policies and procedures that determine the following: 1. Method of managing credit risks within the framework of the risk management system, setting a maximum limit for the amount of exposure of any one party and assessing the same periodically and to set out the procedures to be followed in the event of reaching said limit. 2. Method of managing market risks to which the Licensed Person might be exposed in various circumstances and the methods to be followed in the measurement of such risks. 3. Method of managing liquidity risks to which the Licensed Person might be exposed in various circumstances and the methods of managing liquidity that would enable them to deal with such risks in unexpected circumstances. 4. Method of managing operational risks to which the Licensed Person might be exposed in various circumstances and rating of the same according to the nature of the business of the company. 5. Methods adopted in the measurement of various other risks to which the Licensed Person might be exposed in various circumstances and the methods of rating the same and the policies and procedures to be followed to manage them.