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2.For the purposes of paragraph 1, competent authorities shall verify whether:
(a)the review is proportionate to the nature, size, and complexity of the institution’s business and organisational structure, and in particular to the complexity of the internal models and their implementation;
(b)the reviewer has resources that are adequate to undertake all relevant activities, and sufficiently experienced and qualified staff;
(c)the reviewer is not, nor has been involved in any aspect of the design and implementation of the internal model subject to review;
(d)the reviewer is independent from the staff and management function responsible for the business and risk control units;
(e)the variable remuneration of the staff and management responsible for the review is not linked to the performance of the tasks related to the institution’s trading business areas in a way that hinders or impedes their independence.
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