# The Companies (Northern Ireland) Order 1986 (revoked), Paragraph 29B

Extent: N.I.

(1) The fair value of a financial instrument is determined in accordance with this paragraph.
(2) If a reliable market can readily be identified for the financial instrument, its fair value is determined by reference to its market value.
(3) If a reliable market cannot readily be identified for the financial instrument but can be identified for its components or for a similar instrument, its fair value is determined by reference to the market value of its components or of the similar instrument.
(4) If neither sub‐paragraph (2) nor (3) applies, the fair value of the financial instrument is a value resulting from generally accepted valuation models and techniques.
(5) Any valuation models and techniques used for the purposes of sub‐paragraph (4) must ensure a reasonable approximation of the market value.

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Source: https://www.legislation.gov.uk/nisi/1986/1032/schedule/9A/paragraph/29B (the official version)
Page: https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/schedule-9A/paragraph-29B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.