SCHEDULES

F1F1F2SCHEDULE 9A

Annotations:
Amendments (Textual)
F2

Sch. 9A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 4, 6, 7, Sch. 1

PART I Individual Accounts

Chapter II Accounting Principles and Rules

SECTION BA

VALUATION AT FAIR VALUE

29BDetermination of fair value

1

The fair value of a financial instrument is determined in accordance with this paragraph.

2

If a reliable market can readily be identified for the financial instrument, its fair value is determined by reference to its market value.

3

If a reliable market cannot readily be identified for the financial instrument but can be identified for its components or for a similar instrument, its fair value is determined by reference to the market value of its components or of the similar instrument.

4

If neither sub-paragraph (2) nor (3) applies, the fair value of the financial instrument is a value resulting from generally accepted valuation models and techniques.

5

Any valuation models and techniques used for the purposes of sub-paragraph (4) must ensure a reasonable approximation of the market value.