# Commission Delegated Regulation (EU) 2017/72 of 23 September 2016 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying conditions for data waiver permissions (Text with EEA relevance), Article 4: Qualitative conditions

Extent: E+W+S+N.I.

Competent authorities may only grant the data waiver permission to an institution that provides well-documented evidence that all the following conditions are met in respect of every type of exposure:
(a) longer time series data are unavailable or unsuitable due to lack of accuracy, completeness or appropriateness;
(b) an appropriate margin of conservatism is applied, in accordance with point (a) of Article 179(1) of Regulation (EU) No 575/2013 to adequately compensate for the expected range of estimation errors arising from the use of shorter historic data series;
(c) the data input vetting process referred to in point (b) of Article 174 of Regulation (EU) No 575/2013 is enhanced for the shorter time series.

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Source: https://www.legislation.gov.uk/eur/2017/72/article/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-72/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.