(a)

the internal model is fully integrated into the management of the non-trading book equity portfolio, the overall management information systems of the institution and the institution's risk management infrastructure and is used to monitor the investment limits and the risk of equity exposures;

(b)

the modelling unit is competent and independent from the unit responsible for managing the individual investments.

(a)

the institution’s management body and senior management are actively involved in the risk control process in the sense that they have, endorsed a set of investment limits based, among other factors, on the internal model’s results;

(b)

the reports produced by the risk control unit are reviewed by persons at a level of management with sufficient authority to enforce reductions of positions as well as reduction in the institution’s overall risk exposure;

(c)

action plans are in place for market crisis situations affecting activities within the model’s scope, describing the events that trigger them and the planned actions.

(a)

the staff and the senior management responsible for the modelling unit do not perform tasks relating to managing the individual investments;

(b)

the senior managers of modelling units and of units responsible for managing the individual investments have different reporting lines at the level of the management body of the institution or the committee designated by it;

(c)

the remuneration of the staff and of the senior management responsible for the modelling unit is not linked to the performance of the tasks relating to managing the individual investments.