16
External Models and Data
16.1
The internal model requirements apply regardless whether a firm uses, in its internal model, a model or data obtained from a third party.
[Note: Art. 126 of the Solvency II Directive]
- 01/01/2016
16.2
A firm must monitor any potential limitations arising from the use of external models or external data in the internal model to ensure the ongoing fulfilment of Solvency Capital Requirement – General Provisions 3.2 – 3.5, the internal model requirements, and Solvency Capital Requirement – Internal Models 4.2 and 5 in respect of a partial internal model.
- 31/12/2024