OpenLegislation

Division 3.2.3 With the prior agreement of the Commission, the specific determination of the market value within the meaning of the above will correspond to:

United Kingdom

Original text. Later amendments are not shown.

  • in the case of publicly traded instruments: the average price of the instrument or comparable instruments in the month before publication of the offer to repurchase the instruments in question;

  • in the case of other instruments: the value established in another, suitable way and verified by an independent third party using valuations of the instrument or comparable instruments.