# Commission Regulation (EC) No 2086/2004 of 19 November 2004 amending Regulation (EC) No 1725/2003 on the adoption of certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards the insertion of IAS 39 (Text with EEA relevance), Division: Fair Value Measurement Considerations

Extent: E+W+S+N.I.

48.. In determining the fair value of a financial asset or a financial liability for the purpose of applying this Standard or IAS 32, an entity shall apply paragraphs AG69-AG82 of Appendix A.
49.. The fair value of a financial liability with a demand feature (eg a demand deposit) is not less than the amount payable on demand, discounted from the first date that the amount could be required to be paid.

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Source: https://www.legislation.gov.uk/eur/2004/2086/annex/n2/division/7/division/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2004-2086/annex-n2/division-7/division-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.