For the purposes of the Investment Funds Regulations, this refers to the preparation of stress testing models and methods for analyzing hypothetical scenarios of the risks faced by the fund, the fund manager’s policy for dealing with them, and sensitivity analysis to measure the level of volatility in the prices of investment fund units in response to the variables that affect them. This includes, for example but not limited to, the fund manager conducting a hypothetical simulation of liquidity risks and the policy it will follow to address those risks, and the results of this hypothetical simulation, in order to assess the policy it follows in this regard and identify ways to develop it.