Fair value - UCITS IV Provision: Difference between revisions

Fair value - UCITS IV Provision (view source)

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-The vexed question — germane to those considering the meaning of {{ucits4prov|financial derivative instrument}} under {{t|UCITS IV}} of whatg constitutes fair value was first addressed by [[CESR]] (as it then was) in 2005:
+The vexed question — germane to those considering the meaning of {{ucits4prov|financial derivative instrument}} under {{t|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>
+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.
+{{sa}}
+*{{ucits4prov|financial derivative instrument}}