2.8.5 Clearing Members' Risk Management Controls To Secure Bypass Privileges
A Clearing Member applying to the Exchange for Bypass Privileges on behalf of Customers is required to have written policies and procedures and demonstrate compliance in the following areas:
(a) setting and enforcing credit limits on such Customers;
(b) conducting near real time post-trade monitoring on such Customers' trades;
(c) identifying and taking appropriate remedial actions in the event of overtrading by such Customers; and
(d) ability to immediately revoke access to QUEST, if necessary or desirable.