+Article 38 6

Article 38 6

6. For the purposes of paragraph 3, point (b)(i), competent authorities shall, for the most material trading desks or all trading desks:

(a)	require the institution to provide the time series of hypothetical and theoretical changes in the trading desk’s portfolio’s value used for calculating the Spearman correlation coefficient and Kolmogorov-Smirnov test metric as referred to in Article 6 of Delegated Regulation (EU) 2022/2059;

(b)	calculate the Spearman correlation coefficient in accordance with Article 7 of Delegated Regulation (EU) 2022/2059 and the Kolmogorov-Smirnov test metric in accordance with Article 8 of that Delegated Regulation;

(c)	verify whether the Spearman correlation coefficient and Kolmogorov-Smirnov test metric resulting from point (b) coincide with those obtained by the institution;

(d)	verify whether the classification of the trading desks to the zones referred to in Article 9 of Delegated Regulation (EU) 2022/2059 is correct.

1. Overview

Summary	Regulation

Requirements
Source	Requirement

Standards
Source	Requirement

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