Article 32 4

(i)

by using the inventory referred to in paragraph 1, point (b), verify whether the buckets of the curve, surface or cube modelled through a parametric function that are assessed as modellable meet any of the two conditions referred to in Article 4(2), points (a) and (b), of Delegated Regulation (EU) 2022/2060;

(ii)

by using the inventory referred to in paragraph 1, point (b), verify whether:

(iii)

by using the inventory referred to in paragraph 1, point (b), verify whether the institution assesses the function parameter as modellable only where all points in the curve, surface or cube that are used to calibrate that function parameter belong to buckets that are modellable;

(i)

verify whether:

(ii)

by reviewing the audit reports, verify whether the independent audit to which third-party vendors are subject is robust and covers all aspects referred to in Article 2(6) of Delegated Regulation (EU) 2022/2060;

(iii)

where applicable, review the contractual arrangements between the institution and the third-party vendors referred to in Article 2(7) of Delegated Regulation (EU) 2022/2060;

(i)

whether the approach documented in accordance with Article 7(1), point (f), of that Regulation used by the institution in performing such reallocation is appropriate;

(ii)

how the institution ensures that the conditions under which reallocation is allowed in accordance with Article 5(5) of Delegated Regulation (EU) 2022/2060 are fulfilled.