# Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance), Division 2: The following conversion methods shall be applied to the non-exhaustive list below of financial instruments which embed derivatives:

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

— Convertible bonds Number of referenced shares * market value of underlying referenced shares * delta
— Credit linked notes Market value of underlying reference asset(s)
— Partly paid securities Number of shares/bonds * market value of underlying referenced instruments
— Warrants and rights Number of shares/bonds * market value of underlying referenced instrument * delta

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Source: https://www.legislation.gov.uk/eur/2013/231/annex/II/division/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-231/annex-II/division-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.