{
      "name": "reg-w-23a-23b-testing-cycle",
      "domain": "Audit & Assurance",
      "title": "Reg W 23A/23B Affiliate-Transaction Testing Cycle",
      "description": "Single-stage standing internal-audit test cycle over an institution's own caller-declared population of covered transactions with an affiliate. Per transaction, tests the Regulation W (12 CFR 223, eCFR 2026 codification) 10% single-affiliate and 20% aggregate-affiliate capital limits and the collateral-coverage percentage requirement on covered credit transactions; the qualitative 12 CFR 223.51 market-terms test is a caller-declared boolean the tester records for the artifact only, never a judgment it makes. Capital base, both limit percentages, and the collateral-coverage percentage all arrive as caller-declared policy_parameters cited with a required policy_vintage, never hardcoded. Either quantitative limit breached routes the standing test to internal audit as reviewer (escalate); a collateral shortfall with no capital breach flags review_required; both limits satisfied and full collateral coverage closes auto_pass. The standing internal-audit test-evidence pack closes with a preparer/reviewer pair rather than necessarily a named external approver, since these are internal standing tests, distinct from an externally-facing sign-off; where the institution runs this co-sourced an approver role binding is still available. This tool tracks and evidences the quantitative test only; it never itself determines that a transaction was conducted on market terms.",
      "composer_url": "https://ainumbers.co/chaingraph/chains/reg-w-23a-23b-testing-cycle.html",
      "regulatory_refs": [
        "12 CFR 223 (Regulation W), eCFR 2026 codification: 10%/20% affiliate capital limits (223.11/223.12), collateral-coverage requirement on covered credit transactions (223.14), market-terms test (223.51)"
      ],
      "steps": [
        {
          "tool_id": "art-536-reg-w-affiliate-transaction-tester",
          "handoff": "Per-affiliate and aggregate capital-limit test results, collateral-coverage test results, and the caller-declared market-terms declarations, plus the rollup closed decision enum, close the internal-audit test-evidence pack. Single stage.",
          "gate": {
            "input": "/decision",
            "rules": [
              {
                "op": "eq",
                "value": "escalate",
                "next": "end"
              }
            ],
            "default": "end",
            "gate_policy": "review_required"
          }
        }
      ]
    }