# Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Text with EEA relevance), Article 24: Valuation of assets and off-balance sheet items

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

1 . The valuation of assets and off-balance sheet items shall be effected in accordance with the applicable accounting framework.
2 . By way of derogation from paragraph 1, competent authorities may require that institutions effect the valuation of assets and off-balance sheet items and the determination of own funds in accordance with the UK-adopted international accounting standards.

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Source: https://www.legislation.gov.uk/eur/2013/575/article/24 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-575/article-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.