Appendix

NUMERICAL THRESHOLDS INCLUDED IN THE MMS
The MMS contains several numerical thresholds.
The following table indicates the relevant Articles to facilitate their implementation.
Table 3: Numerical thresholds included in the MMS

Article	Topic	Threshold	Threshold
2.2.2	Self-assessment and plan to meet the MMS and MMG requirements	6 months from the effective date of the MMS	Mandatory
4.6.3	Model Oversight Committee meeting	Quarterly	Mandatory
4.10.2	Reporting model life-cycle and associated Model Risk to the Model Oversight Committee and to the Board	Quarterly and yearly, respectively	Mandatory
8.6.2 and 8.6.3	Rating frequency	Annually	Mandatory
10.5.2	Reporting of monitoring & validation results to the Model Oversight Committee	Quarterly	Mandatory
10.5.2	Maximum periods of model validation and monitoring	See table in the corresponding section	Strongly recommended
10.7.5	Reporting of findings and remediation to Senior Management	Quarterly and yearly, respectively	Mandatory
10.7.7	Maximum remediation period for high severity findings	12 months	Mandatory