Fair value - UCITS IV Provision: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{anat|ucits}} The vexed question — germane to those considering the meaning of {{ucits4prov|financial derivative instrument}} under {{t|UCITS IV}} of whatg constitutes fair..." |
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The vexed question — germane to those considering the meaning of {{ucits4prov|financial derivative instrument}} under | The vexed question — germane to those considering the meaning of {{ucits4prov|financial derivative instrument}} under [[UCITS IV]] of what constitutes “{{ucits4prov|fair value}}” was first addressed as long ago as 2005 by [[CESR]] (as it then was): | ||
:''The fair value of an OTC derivative corresponds to the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.'' <br> | :''The fair value of an OTC derivative corresponds to the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.'' <br> | ||
It has been a long old road with many twists and turns, but as far as this [[bear of little brain]] can make out, that’s more or less where we’ve ended up in the year of our Lord 2017. | |||
===Ireland=== | |||
More information, if you can bear it, at [http://www.irishstatutebook.ie/eli/2015/si/420/made/en/print Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2015]. If you are like me, the very title of this instrument will help you to conclude you will not be able to bear it. | |||
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*{{ucits4prov|financial derivative instrument}} | |||
Latest revision as of 13:29, 14 August 2024
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UCITS Anatomy™
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The vexed question — germane to those considering the meaning of financial derivative instrument under UCITS IV of what constitutes “fair value” was first addressed as long ago as 2005 by CESR (as it then was):
- The fair value of an OTC derivative corresponds to the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.
It has been a long old road with many twists and turns, but as far as this bear of little brain can make out, that’s more or less where we’ve ended up in the year of our Lord 2017.
Ireland
More information, if you can bear it, at Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2015. If you are like me, the very title of this instrument will help you to conclude you will not be able to bear it.