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Fair value - UCITS IV Provision: Difference between revisions
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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 what constitutes “{{ | 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> | :''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> | ||
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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. | 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}} | *{{ucits4prov|financial derivative instrument}} | ||