# Risk Spec Split Plan

`spec/03_risk_policy.yaml` was a deprecated_redirect-only stub and has been deleted
(2026-06-22, WBS-7.11 — zero active references confirmed before removal).
The canonical risk rules are the split files in this directory.

Canonical split files:

- `aggregate_risk.yaml`: Total_Heat, portfolio hard stops, correlation shock, integrated risk engine
- `circuit_breakers.yaml`: weekly circuit breaker, trading cost control, concentration brake, sector crash protocol
- `market_risk_cash.yaml`: market risk score based cash rules and VIX/US10Y cash adjustment
- `portfolio_exposure.yaml`: duplicate exposure, target allocation, cash floor, ETF staged reduction
- `risk_control.yaml`: compatibility index only; do not add thresholds here
- `quality_control.yaml`: risk quality-control summary

Migration rule:

- Do not add numeric thresholds to `spec/risk/risk_control.yaml` (compatibility index only).
- Keep old paths valid only through compatibility indexes and `spec/aliases.yaml`.
- New documents must reference canonical split files directly.
- `spec/00_execution_contract.yaml` remains higher authority than all risk split files.