15. By way of derogation from the first subparagraph, point (a), competent authorities may require the institution to use the time series of another similar risk factor instead of generating the time series from a conservative distribution. For the purposes of paragraph 2, point (h)(iv), competent authorities may, on a sample of non-modellable risk factors or non-modellable standardised buckets and at a given reference date, verify whether:
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(a)
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the risk factors or standardised buckets for which the stress scenario risk measure are determined by applying a regulatory extreme scenario of future shock in accordance with Article 14 of Delegated Regulation (EU) 2024/397 fulfil the criteria identified by the institution to use that method;
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(b)
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the risk factors or standardised buckets for which the stress scenario risk measure is not determined by applying a regulatory extreme scenario of future shock in accordance with Article 14 of Delegated Regulation (EU) 2024/397 do not fulfil the criteria that the institution identified to use that method.
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