X1PART ONEGENERAL PROVISIONS

Annotations:

TITLE IILEVEL OF APPLICATION OF REQUIREMENTS

CHAPTER 2Prudential consolidation

Section 3Scope of prudential consolidation

Article 24 Valuation of assets and off-balance sheet items

1

The valuation of assets and off-balance sheet items shall be effected in accordance with the applicable accounting framework.

2

By way of derogation from paragraph 1, competent authorities may require that institutions effect the valuation of assets and off-balance sheet items and the determination of own funds in accordance with the F1UK-adopted international accounting standards.