Skip to main content
Entire section Custom print Text Only Rich Text Print

Appendix (A): An Example in Prioritization Parameters for Selection of Subjects in the Annual Plan

Effective from 3/4/2025
1Frequency of Reviews
 a.All products should be reviewed by the SCF at least once every three (3) years.
b.All branches or distribution channels should be reviewed by the SC at least once every two (2) years.
c.All new products should be reviewed within the first 3 months from the date when the product was launched.
d.Products that have not been reviewed in the past are prioritized over those that have been reviewed.
2Historical Incidents
 a.Products based on underlying contracts or concepts similar to those in which systemic or major incidents were identified in the past are prioritized over those in which no such incidents were identified.
b.Distribution channels in which systemic or major incidents were identified in the past are prioritized over those in which no such incidents were identified.
3Level of Complexity of the Products
 Products with higher level of complexity that negatively impact SNC risk are given priority over other products.