London exchange has abandoned its previous "full scope" visit programme
The London Metal Exchange has told clients
it has changed how they will be audited, marking the second
change to the exchange’s compliance arrangements
in as many days.
The LME said in a client circular on
Thursday that it has introduced a revised Member Audit
Programme (MAP) that changes how the LME monitors its
The exchange said in an emailed statement:
"The LME is therefore implementing a risk-based MAP, which will
be targeted to ensure compliance with relevant LME rules
specific to a member’s LME business activity."
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.