Article 1 3

3.   Institutions shall determine the supervisory shock scenarios referred to in paragraphs 1 and 2 on the basis of the currency-specific interest rate shocks set out in Part A of the Annex or, for the currencies not specified therein, on the basis of interest rate shocks calibrated in accordance with Part B of the Annex.

Institutions shall perform the calibration of interest rate shocks in accordance with Part B of the Annex at least every five years.