14 CFR §450.115

1. (a)Scope of the analysis. An operator's flight safety analysis method must account for all reasonably foreseeable events and failures of safety-critical systems during nominal and non-nominal launch or reentry that could jeopardize public safety.
2. (b)Level of fidelity of the analysis. An operator's flight safety analysis method must have a level of fidelity sufficient to—
   1. (1)Demonstrate that any risk to the public satisfies the safety criteria of § 450.101, including the use of mitigations, accounting for all known sources of uncertainty, using a means of compliance accepted by the Administrator; and
   2. (2)Identify the dominant source of each type of public risk with a criterion in § 450.101(a) or (b) in terms of phase of flight, source of hazard (such as toxic exposure, inert, or explosive debris), and failure mode.
3. (c)Application requirements. An applicant must submit a description of the flight safety analysis methodology, including identification of:
   1. (1)The scientific principles and statistical methods used;
   2. (2)All assumptions and their justifications;
   3. (3)The rationale for the level of fidelity;
   4. (4)The evidence for validation and verification required by § 450.101(g);
   5. (5)The extent to which the benchmark conditions are comparable to the foreseeable conditions of the intended operations; and
   6. (6)The extent to which risk mitigations were accounted for in the analyses.