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Walmsley C.E. School Blackburn Road, Egerton, Bolton, BL7 9SA TELEPHONE: 01204 332650 FAX: 01204 332651 HEADTEACHER: MRS. DEBRA CARRInformation Management PolicyDocument ControlAmendment HistoryVersion / Issue No. Date Author Remarks / Reason for ChangeV.01 02.11.2012 Paul RankinV 02 14.04.2014 Tasadiq NaveedV 03 05.03.2015 Tasadiq NaveedV 04 02/05/2018 Ann McDonna Update policy with GDPR V 05 01/06/2018 Imran Khan Update policy with correct links and reference
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A model information management policy is a set of guidelines that governs how organizations manage, store, and report information about models used for various purposes, such as risk assessment or reporting compliance.
Organizations that use models for decision-making, regulatory compliance, or financial reporting are generally required to file a model information management policy.
To fill out a model information management policy, organizations must provide detailed information about the models in use, including their purposes, methodologies, validation processes, and governance structures.
The purpose of the model information management policy is to ensure that all models are properly documented, managed, and validated to mitigate risks and enhance transparency in decision-making processes.
The information that must be reported typically includes model identification, purpose, development process, validation results, and governance structures, as well as any changes made to models over time.
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