(i)

the institutions concerned have criteria to determine whether to use the direct method referred to in point (a) or the stepwise method referred to in point (b), and those criteria are consistent over time;

(ii)

for the purposes of point (a)(i), institutions document any change from the direct method referred to in point (a) to the stepwise method referred to in point (b), and vice versa, including a justification of such change;

(iii)

institutions identify, for internal monitoring purposes, the extreme scenario of future shock in accordance with the stepwise method referred to in point (b) on a daily basis for 20 business days preceding each date for which the own funds requirements for market risk are reported;

(iv)

the number of losses in the time series of losses referred to in Article 2(1), point (a)(iii), is equal to or greater than 200;