(23)Finally, Article 4(n) of Form 7 issued under section 123E(2) of the SFA ‘Application for Authorisation as an Authorised Benchmark Administrator’ requires compliance with the IOSCO Principles as one of the criteria to being an Authorised Benchmark Administrator. MAS reviews the benchmark administrator's policies and procedures, framework and control as part of the review process for an application for authorisation or exemption by a benchmark administrator. Section 123P(1)(a) of the SFA also requires an administrator of a designated benchmark to manage any risks associated with its business and operations prudently.