# Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance), Division 19

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

Under national GAAP based on BAD, ‘ Non-trading non-derivative financial assets measured at a cost-based method ’ includes financial instruments measured at cost-based methods as well as instruments measured at the lower of cost or market ( ‘ LOCOM ’ ) under a non-continuous basis (moderate LOCOM), regardless of their actual measurement as of the reporting reference date. Assets measured at moderate LOCOM are assets for which LOCOM is applied only in specific circumstances. The applicable accounting framework provides for those circumstances, such as impairment, a prolonged decline in fair value compared to cost or change in the management intent.

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Source: https://www.legislation.gov.uk/eur/2014/680/annex/V/part/1/division/4/division/4.1/division/19 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-680/annex-V/part-1/division-4/division-4.1/division-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.