CAD 1 model approach

48one of the following

1. (a) the approach to calculating part of the market risk capital requirement set out in BIPRU 7.9 (Use of a CAD 1 model);
1. (b) (where the approach in (a) is being applied on a consolidated basis) the method in (a) as applied on a consolidated basis in accordance with BIPRU 8 (Group risk - consolidation); or
1. (c) when the reference is to the rules of or administered by a regulatory body other than the282 appropriate regulator,282 whatever corresponds to the approach in (a) or (b), as the case may be, under those rules.