{
  "url": "https://openlegislation.uk/draft-solvency-2-and-insurance-amendment-etc-eu-exit-regulations-2019/schedule-2/paragraph-54",
  "json_url": "https://openlegislation.uk/draft-solvency-2-and-insurance-amendment-etc-eu-exit-regulations-2019/schedule-2/paragraph-54.json",
  "legislation": "ukdsi/2019/9780111177938",
  "legislation_title": "The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/draft-solvency-2-and-insurance-amendment-etc-eu-exit-regulations-2019",
  "path": "schedule/2/paragraph/54",
  "kind": "paragraph",
  "number": "54",
  "heading": null,
  "text": "Specifying—\n(a) to the extent that United Kingdom legislation or regulatory rules require the use of international accounting standards as adopted by the United Kingdom Government, the consistency of those accounting standards with the valuation approach of assets and liabilities;\n(b) the methods and assumptions to be used where quoted market prices are either not available or where international accounting standards as adopted by the United Kingdom Government are either temporarily or permanently inconsistent with the valuation approach of assets and liabilities;\n(c) the methods and assumptions to be used in the valuation of assets and liabilities, where the United Kingdom law which implemented Solvency 2 allow for the use of alternative valuation methods.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Article 75 of the Solvency 2 Directive."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2019/9780111177938/schedule/2/paragraph/54",
    "retrieved_at": "2026-10-30T15:02:11.596486+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}