6. For the purposes of paragraph 2, point (c), competent authorities shall:
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(a)
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require an institution to provide a sample of risk factors, and the corresponding verifiable and representative prices used to assess the conditions referred to in Article 1 of Delegated Regulation (EU) 2022/2060;
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(b)
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verify whether, where for the risk factor there are multiple verifiable prices on a given observation date, only one is considered when assessing whether the conditions referred to in Article 1 of Delegated Regulation (EU) 2022/2060 are met;
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(c)
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for those risk factors in the sample referred to in point (a) that are not systematic credit or equity risk factors capturing market-wide movements as referred to in Article 3(3) of Delegated Regulation (EU) 2022/2060, verify whether:
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(i)
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the risk factor is a strong driver of the price considered representative
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(ii)
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whether the method used by the institution to conclude that there is a close relationship between the risk factor and that price is sound;
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(iii)
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the methodology employed by the institution to extract the value of the risk factor from that price is sound;
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(d)
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for those risk factors in the sample referred to in point (a) that are systematic credit or equity risk factors capturing market-wide movements as referred to in Article 3(3) of Delegated Regulation (EU) 2022/2060, verify whether the verifiable prices used are representative of attributes of the systematic risk factors.
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For the purposes of point (a), the sample of risk factors shall include, among others, risk factors that narrowly met the conditions for being assessed modellable and risk factors that changed their modellability status over the previous year. Where applicable, that sample shall contain risk factors for which verifiable prices are obtained solely by the institution, solely by third-party vendors, and by both the institution and third-party vendors.