ATCS 7.1 Maintaining effective policies and procedures

1A designated person who undertakes cash access assessments must:

1. (1)

   establish, implement and maintain clear and effective policies and procedures:

   1. (a)

      to enable it to undertake cash access assessments in accordance with ATCS 4 and ATCS 5, and reviews under ATCS 9; and

   2. (b)

      setting out the principal factors and criteria it will take into account in undertaking them;

2. (2)

   set out the policies and procedures in writing;

3. (3)

   have the policies and procedures approved by its board of directors, committee of management or other governing body, or those persons who effectively direct the business; and

4. (4)

   publish the policies and procedures in writing in an easily accessible place on its website and keep the published information up to date.