Article 38 5

(a)

when the institution calculates the excepted shortfall risk measure referred to in Article 325bb of Regulation (EU) No 575/2013 or the stress scenario risk measure referred to in Article 325bk of that Regulation, require the institution to provide a sample of financial instruments in its portfolio, the prices of which depend both on risk factors that are shocked and risk factors that are not shocked;

(b)

when the institution calculates the theoretical changes related to the financial instruments referred to in point (a), verify whether, for a given reference date, the value of risk factors that are not shocked is kept constant.