How many revisions to a submission during the validation process are allowed before an FI is considered to “fail” validation? For example, if through several revisions during the validation process, SBTi is still not satisfied with the targets. I noticed there was a “6 month” period for near term targets for non-FIs before they would have to re-pay fees for further validation, but wasn’t sure if this was also the case for FIs.
Ideally this won’t happen but leadership would like to understand “worst case”.