# Commission Delegated Regulation (EU) 2018/1645 of 13 July 2018 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council with regard to regulatory technical standards for the form and content of the application for recognition with the competent authority of the Member State of reference and of the presentation of information in the notification to European Securities and Markets Authority (ESMA) (Text with EEA relevance), Division 10: INPUT DATA AND METHODOLOGY

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

(a) For each benchmark or family of benchmarks, policies and procedures with respect to input data, including those relating to:
(i) the type of input data used, their priority of use and any exercise of discretion or expert judgment;
(ii) any process for ensuring that input data is sufficient, appropriate and verifiable;
(iii) the criteria that determine who may contribute input data to the administrator and the selection process of the contributors;
(iv) the evaluation of the contributor's input data and the process of validating input data.
(b) For each benchmark or family of benchmarks, with respect to the methodology:
(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;
(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.

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Source: https://www.legislation.gov.uk/eur/2018/1645/annex/section/2/division/10 (the official version)
Page: https://openlegislation.uk/eu-regulation-2018-1645/annex/section-2/division-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.