1. For the purpose of risk management, a SIPS operator shall ensure that the SIPS’s rules, procedures and contractual arrangements allow it to gather information about indirect participation in order to identify, monitor and manage any material risks to the SIPS arising from participation. This information shall, as a minimum, cover the following:
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(a)
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the activity that direct participants conduct on their own behalf and on behalf of indirect participants in proportion to the activity at system level;
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(b)
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the number of indirect participants that settle via individual direct participants;
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(c)
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the volumes and values of payments in the SIPS originating from each indirect participant;
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(d)
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the volumes and values of payments referred to in point (c) in proportion to those of the direct participant through which the indirect participant accesses the SIPS.
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