Division 5 Changes to the standards relating to internal data, scenario analysis and business environment and internal control factors if they:
United Kingdom
- (a)
change the internal processes and criteria for collecting internal loss data according to Article 322(3) of Regulation (EU) No 575/2013, including any of the following:
- (i)
increase of the threshold for the collection of internal loss data according to Article 322(3)(c) of Regulation (EU) No 575/2013;
- (ii)
methods or criteria for the exclusion of activities or exposures from the scope of the internal data collection according to article 322(3)(c) of Regulation (EU) No 575/2013.
- (i)
- (b)
change the internal processes and criteria for one of the following:
- (i)
performing scenario analysis according to Article 322(5) of Regulation (EU) No 575/2013;
- (ii)
determining business environment and internal control factors according to Article 322(6) of Regulation (EU) No 575/2013.
- (i)