+Article 38 4

Article 38 4

4. For the purposes of paragraph 3, point (a)(iii), competent authorities shall use one or more of the following assessment methods:

(a)	to require the institution to provide the inventory, at a given day and at the subsequent day as referred to in Article 12(1) of Delegated Regulation (EU) 2022/2059, of the positions in the portfolio on which it calculates theoretical changes, and assess whether those inventories coincide;

(b)

to verify that the risk theoretical changes are typically closer to the hypothetical than to the actual changes and, by using the reports referred to in Article 36, paragraph 1, points (b) and (c), identify those days in the time series where the actual and hypothetical changes differ the most due to a change in the trading desk’s portfolio composition, and verify that the theoretical changes in those days are not affected by such a change in the portfolio’s composition.

1. Overview

Summary	Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source	Requirement

3. Related Standards

Standards
Source	Requirement

Builddate: 17.06.2024 00:00:00 -Doknr: CELEX:32024R1085
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