Article 263U.K.Alternative methods for valuation
Where alternative valuation methods in accordance with Article 10(5) are used, insurance and reinsurance undertakings shall:
identify the assets and liabilities to which that valuation approach applies;
justify the use of that valuation approach for the assets and liabilities referred to in point (a);
document the assumptions underlying that valuation approach;
assess the valuation uncertainty of the assets and liabilities referred to in point (a);
regularly compare the adequacy of the valuation of the assets and liabilities referred to in point (a) against experience.