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.