1.For the purposes of point (a) of Article 17(2), a CSD-banking service provider shall design and implement policies and procedures that:
(a)
measure intraday and overnight liquidity risk, in accordance with Sub-section 1;
(b)
monitor intraday and overnight liquidity risk, in accordance with Sub-section 2;
(c)
manage liquidity risk, in accordance with Sub-section 3;
(d)
report intraday and overnight liquidity risk, in accordance with Sub-section 4;
(e)
disclose the framework and tools for the monitoring, measuring, management, and the reporting on liquidity risk, in accordance with Sub-section 5.
2.Any changes to the overall liquidity risk framework shall be reported to the management body of the CSD-banking service provider.