Directive 2006/48/EC of the European Parliament and of the council (repealed)Show full title

Directive 2006/48/EC of the European Parliament and of the council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) (repealed)

2.EQUITY EXPOSURES

12.The exposure value shall be the value presented in the financial statements. Admissible equity exposure measures are the following:

(a)

For investments held at fair value with changes in value flowing directly through income and into own funds, the exposure value is the fair value presented in the balance sheet;

(b)

For investments held at fair value with changes in value not flowing through income but into a tax-adjusted separate component of equity, the exposure value is the fair value presented in the balance sheet; and

(c)

For investments held at cost or at the lower of cost or market, the exposure value is the cost or market value presented in the balance sheet.