General provisions
Other duties (1) — Crown / regulator
- Valuer must determine shareholder and creditor treatment in resolution Statutory regulator
Retained EU Law
2018
United Kingdom
Commission Delegated Regulation (EU) 2018/344 of 14 November 2017 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria relating to the methodologies for valuation of difference in treatment in resolution (Text with EEA relevance)
At a glance
What's here
6 compliance obligations
Who this Act binds
Plus 3 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Inventory of assets and claims
Other duties (1) — Crown / regulator
- Valuer must establish inventory of all assets and claims Statutory regulator
Steps of the valuation
- Valuer must compare creditor treatment in resolution vs insolvency
Determination of the treatment of shareholders and creditors under normal insolvency proceedings
- Use discounted cash flow method for insolvency valuation
Determination of the actual treatment of shareholders and creditors in resolution
Other duties (1) — Crown / regulator
- Valuer must identify outstanding claims and assign them to shareholders and creditors Statutory regulator
Valuation report
- Valuers must prepare a detailed valuation report for the resolution authority
Browse 1 other section — procedural / definitional / commencement
Entry into force
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