14.2 RMF’s role in material changes

Before decisions on material changes to products, processes or systems or on exceptional transactions are taken, the RMF should be involved in the evaluation of the impact of such changes on the issuer of ARTs and should report its findings directly to the management body before a decision is taken.

The RMF should evaluate how the risks identified could affect the issuer of ART’s ability to manage its risk profile and the risks linked to the reserve of assets.