1.By way of derogation from Article 325az(2), point (d), and until 31 December 2029, institutions may use the alternative internal model approach to calculate their own funds requirements for market risk for trading desks that do not meet the requirements laid down in Article 325bg.
2.For the purposes of paragraph 1, institutions shall consider that, for the trading desks in scope, the theoretical changes in the value of those trading desks’ portfolios, based on the institutions’ risk measurement models, are close to the hypothetical changes in the value of those trading desks’ portfolios, based on the institutions’ pricing models.