Article 33 4

4.   For the purposes of paragraph 2, point (d), of this Article competent authorities may require the institution to provide risk factors that were subject to a change in the sub-category, and verify that, following the monthly verification, the expected shortfall risk measure referred to in Article 325bb of Regulation (EU) No 575/2013 and the stress scenario risk measure referred to in Article 325bk of that Regulation reflected the changes in the liquidity horizon.