+Article 325bj 2.

Article 325bj 2.

Institutions shall conduct the validation referred to in paragraph 1 in the following circumstances:

(a) 

when any internal risk-measurement model is initially developed and when any significant changes are made to that model;

(b) 

on a periodic basis, and where there have been significant structural changes in the market or changes to the composition of the portfolio which might lead to the internal risk-measurement model no longer being adequate.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards