The homologation of automated vehicles, being safety-critical complex systems, requires sound evidence for their safe operability. Traditionally, verification and validation activities are guided by a combination of ISO 26262 and ISO/PAS 21448, together with distance-based testing. Starting at SAE Level 3, such approaches become infeasible, resulting in the need for novel methods. Scenario-based testing is regarded as a possible enabler for verification and validation of automated vehicles. Its effectiveness, however, rests on the consistency and substantiality of the arguments used in each step of the process. In this work, we sketch a generic framework around scenario-based testing and analyze contemporary approaches to the individual steps. For each step, we describe its function, discuss proposed approaches and solutions, and identify the underlying arguments, principles and assumptions. As a result, we present a list of fundamental considerations for which evidences need to be gathered in order for scenario-based testing to support the homologation of automated vehicles. * The research leading to these results is partly funded by the German Federal Ministry for Economic Affairs and Energy within the project "VVM -Verification & Validation Methods for Automated Vehicles Level 4 and 5" and by the German Federal Ministry of Education and Research within the project "TESTOMAT -The Next Level of Test Automation" under grant agreement No. 01IS17026H.