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Chapter VI Solvency capital requirement - full and partial internal models (arts. 222-247)

Comparing proposed amendment...
Section 1 Definitions (art. 222)
Entered into force
Article 222 Materiality
Section 2 Use test (arts. 223-227)
Entered into force
Article 223 Use of the internal model
Entered into force
Article 224 Fit to the business
Entered into force
Article 225 Understanding of the internal model
Entered into force
Article 226 Support of decision-making and integration with risk management
Entered into force
Article 227 Simplified calculation
Section 3 Statistical quality standards (arts. 228-237)
Entered into force
Article 228 Probability distribution forecast
Entered into force
Article 229 Adequate, applicable and relevant actuarial techniques
Entered into force
Article 230 Information and assumptions used for the calculation of the probability distribution forecast
Entered into force
Article 231 Data used in the internal model
Entered into force
Article 232 Ability to rank risk
Entered into force
Article 233 Coverage of all material risks
Entered into force
Article 234 Diversification effects
Entered into force
Article 235 Risk-mitigation techniques
Entered into force
Article 236 Future management actions
Entered into force
Article 237 Understanding of external models and data
Section 4 Calibration standards (art. 238)
Entered into force
Article 238
Section 5 Integration of partial internal models (art. 239)
Entered into force
Article 239
Section 6 Profit and loss attribution (art. 240)
Entered into force
Article 240
Section 7 Validation standards (arts. 241-242)
Entered into force
Article 241 Model validation process
Entered into force
Article 242 Validation tools
Section 8 Documentation standards (arts. 243-246)
Entered into force
Article 243 General provisions
Entered into force
Article 244 Minimum content of the documentation
Entered into force
Article 245 Circumstances under which the internal model does not work effectively
Entered into force
Article 246 Changes to the internal model
Section 9 External models and data (art. 247)
Entered into force
Article 247