The documentation of the internal model shall include all of the following information:
((a))(a) an inventory of all the documents which form part of the documentation;
((b))(b) the policy for changing the internal model as referred to in Article 115 of Directive 2009/138/EC;
((c))(c) a description of the policies, controls and procedures for the management of the internal model, including responsibilities assigned to staff members of the insurance or reinsurance undertaking;
((d))(d) a description of the information technology used in the internal model, including any contingency plans relating to the information technology used;
((e))(e) all relevant assumptions on which the internal model is based and their justification in accordance with Article 230(2);
((f))(f) the explanation of the methodology used to set assumptions referred to in point (c) of Article 230(2) which shall cover the following:
((i))(i) the inputs on which the choice of assumptions is based;
((ii))(ii) the objectives of the choice of assumptions and the criteria used for determining the appropriateness of the choice;
((iii))(iii) any limitations in the choice of assumptions made;
((g))(g) a directory of the data used in the internal model, specifying their source, characteristics and usage;
((h))(h) the specification for the collection, processing and application of data referred to in Article 231(3)(e);
((i))(i) where data are not used consistently over time in the internal model, a description of the inconsistent use and its justification;
((j))(j) the specification of the qualitative and quantitative indicators for the coverage of risks referred to in Article 233;
((k))(k) a description of the risk-mitigation techniques that are taken into account in the internal model as referred to in Article 235 and an explanation of how the risks arising from the use of risk-mitigation techniques are reflected in that internal model;
((l))(l) a description of the future management actions taken into account in the internal model as referred to in Article 236 and a description of the relevant deviations referred to in Article 236(2);
((m))(m) the specifications for the profit and loss attribution referred to in Article 240(1);
((n))(n) the specifications for the model validation process referred to in Article 241(3);
((o))(o) the results of the validation in relation to compliance with Article 101 of Directive 2009/138/EC;
((p))(p) in relation to external models and data:
((i))(i) the role of external models and data in the internal model;
((ii))(ii) the reasons for preferring external models to internally developed models and external data to internal data;
((iii))(iii) the alternatives to the use of external models and data considered by the insurance or reinsurance undertaking and an explanation of the decision in favour of a particular external model or a set of external data.