Operational Controls Handbook

This page outlines KOR functionality for various operational controls.

KOR has a shared controls model that refers to a collaborative approach between the client and KOR’s platform in managing and implementing security and compliance controls. In this model, both parties share responsibility for various aspects of security, compliance, and risk management related to the regulatory reporting solution.

This page links out to pages that describe each element of our control framework in greater detail. 

KOR Responsibilities

Client Responsibilities

In addition to the robust assistance provided by KOR in regulatory reporting, clients are encouraged to establish further procedures to effectively monitor their compliance. It is important for clients to have recommended controls in place, with support from KOR, and to also consider additional measures for comprehensive compliance management.

1. Ingestions - The front door of KOR
   1. KOR Offering
   2. Client Operations 
2. Submissions/Issues Tracking 
   1. KOR Offering
   2. Client Operations
3. Eligibility: By conducting comprehensive eligibility checks and implementing robust controls, market participants can mitigate the risk of over or under reporting when submitting trade data to trade repositories.
   1. KOR/Droit Offering
   2. Client Operations
4. Validations
   1. KOR Offering 
   2. Client Operations
5. Timeliness Monitoring
   
   1. KOR Offering
   2. Client Operations
6. Reports
   1. KOR Offering
   2. Client Operations
7. Access Monitoring
   
   1. KOR Offering
   2. Client Operations