Model changes are reasonable and justified and their SCR impact explained. Baseline: comprehensive, timely, accurate external and regulatory reporting; regular committees and board information on risk profile and model changes; a materially complete analysis of change for one-year and ultimate capital aligned to the model change template; responsiveness to Lloyd's feedback; change managed under a Model Change Policy with documentation, board sign-off of major changes, categorisation per Lloyd's guidance and validation of each change. Higher levels add top-down links to risk profile, magnitude reasonableness, development plans integrating validation findings and parallel running.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.