(i)

institutions have defined criteria to determine whether to use the direct method referred to in Article 5 or the stepwise method referred to in Article 6, and those criteria are consistent over time;

(ii)

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

(iii)

in addition to use of the direct method, institutions complementarily identify 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 5(1), point (a)(iv), is equal to or greater than 200;