15
Documentation Standards
15.1
A firm must document the design and operational details of its internal model.
[Note: Art. 125 of the Solvency II Directive]
- 01/01/2016
15.2
The documentation referred to in 15.1 must:
- (1) demonstrate compliance with 10 to 14:
- (2) provide a detailed outline of the theory, assumptions, and mathematical and empirical bases underlying the internal model;
- (3) indicate any circumstances under which the internal model does not work effectively; and
- (4) include all major changes to the internal model, as referred to in 6.
[Note: Art. 125 of the Solvency II Directive]
- 01/01/2016