1. 1. A SIPS operator shall have a process to identify and meet the needs of the markets the SIPS serves, in particular, with regard to:
(a)((a)) choice of a clearing and settlement arrangement;
(b)((b)) operating structure;
(c)((c)) scope of products cleared or settled;
(d)((d)) use of technology and procedures.
2. 2. A SIPS operator shall have clearly defined goals and objectives that are measurable and achievable, such as in the areas of minimum service levels, risk-management expectations and business priorities.
3. 3. A SIPS operator shall have established mechanisms for the regular, at least annual, review of the requirements laid down in paragraphs 1 and 2.