Yes, provided that all the conditions set out in Article 171a of the Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 are fulfilled. It needs to be clarified that to apply the shock of 22% for long-term equity investments there must be no partial internal model covering equity risk or if there is, it has sufficiently been substantiated that part of the equity portfolio considered as long term equity investments cannot be included in the scope of the internal model. Also, the requirement to separately manage the insurance obligations may have an impact on the partial internal model for insurance risk e.g. in the diversification between the assigned portfolio and the rest of the business.