5. The assessment should be conducted on a yearly basis and should comprise two steps. In the first …

The assessment should be conducted on a yearly basis and should comprise two steps. In the first step, relevant authorities should calculate a score for each relevant entity at least at the highest consolidation level of the part of the group that falls under its jurisdiction (i.e. at the level which is not the subsidiary of another entity authorised or domiciled in the same Member State), including subsidiaries in other Member States and third countries, and subject to the optional exclusion pursuant to paragraph 10 where applicable. Without limitation to the previous sentence relevant authorities may additionally apply the methodology specified in these guidelines at other appropriate levels for informing their decision how the O-SII buffer should be calibrated and at which consolidation level it should apply. The scores should reflect the systemic importance of the relevant entity and should be calculated as specified below. The second step should be the supervisory assessment outlined in Title III.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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