Retained EU Law SI 2018/345 United Kingdom

Commission Delegated Regulation (EU) 2018/345 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 methodology for assessing the value of assets and liabilities of institutions or entities (Text with EEA relevance)

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person10

Other Acts binding the same actors

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Any Person — also bound by 2340 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art002 General criteria Regulated
  • Valuer must perform fair and transparent resolution valuationAny Person
s.art005 Impact of group arrangements Regulated
  • Valuer must consider group arrangements when valuing assets and liabilitiesAny Person
s.art006 Valuation report Regulated
  • Prepare a valuation report for the resolution authority with specified contentsAny Person
s.art007 General principles Regulated
  • Use fair assumptions and appropriate methods for bank resolution valuationsAny Person
s.art008 Areas requiring particular attention in the valuation Regulated
  • Focus on areas of significant valuation uncertainty and provide best point estimates and rangesAny Person
s.art009 Factors affecting the valuation Regulated
  • Valuer must consider key economic and business factors when valuing assets and liabilitiesAny Person
s.art010 General principles Regulated
  • Valuer must assess resolution actions and produce separate valuationsAny Person
s.art011 Selection of the measurement basis Regulated
  • Valuers must use fair and prudent assumptions when valuing assets in resolutionAny Person
s.art012 Specific factors relating to the estimation and discounting of expected cash flows Regulated
  • Valuer must use expert judgement and consider specified factors when estimating cash flows in resolutionAny Person
s.art013 Methodology for calculating and including a buffer for additional losses Regulated
  • Include a buffer for additional losses in provisional valuationsAny Person
4 other provisions — procedural and definitional
s.art001 Definitions
s.art003 Valuation date
s.art004 Sources of information
s.art014 Entry into force

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.