Division 10 INPUT DATA AND METHODOLOGY

For each benchmark or family of benchmarks, policies and procedures with respect to input data, including those relating to:

1. (i)

   the type of input data used, their priority of use and any exercise of discretion or expert judgment;

2. (ii)

   any process for ensuring that input data is sufficient, appropriate and verifiable;

3. (iii)

   the criteria that determine who may contribute input data to the administrator and the selection process of the contributors;

4. (iv)

   the evaluation of the contributor's input data and the process of validating input data.

For each benchmark or family of benchmarks, with respect to the methodology:

1. (i)

   a description of the methodology, highlighting the key elements of the methodology in accordance with Article 13 of the Regulation (EU) 2016/1011, and further specified in the regulatory technical standards adopted under Article 13(3) of Regulation (EU) 2016/1011^f1;

2. (ii)

   Policies and procedures, including those relating to:

   • the measures taken to provide validation and review of the methodology, including any trials or back-testing performed;

   • the consultation process on any proposed material change in the methodology.