Does the board of management of the exchange take appropriate measures for emergency planning?

The correct understanding revolves around the role of the board of management in relation to emergency planning at the exchange. It is essential for exchanges to have robust contingency plans that encompass various types of emergencies, including not just severe market conditions and technical disruptions, but also other unforeseen events that could impact operations.

While it may seem intuitive that such planning should occur, the specific stance of the board of management may indicate that they do not necessarily take specific measures for emergency planning as a part of their regular operations or governance. This can highlight a potential gap in protocol or a choice to not formalize such actions in existing procedures.

In practice, the absence of established emergency planning protocols may leave the exchange vulnerable during significant disruptions. Therefore, without explicit confirmation from the board that they engage in comprehensive emergency planning, it's valid to conclude that they do not actively pursue such measures, leading to the selection of 'False.'