{
  "url": "https://openlegislation.uk/eu-regulation-2014-680/annex-V/part-2/division-10/division-10.2/division-131",
  "json_url": "https://openlegislation.uk/eu-regulation-2014-680/annex-V/part-2/division-10/division-10.2/division-131.json",
  "legislation": "eur/2014/680",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2014-680",
  "path": "annex/V/part/2/division/10/division/10.2/division/131",
  "kind": "division",
  "number": "131",
  "heading": null,
  "text": "Under IFRS, the ‘ carrying amount ’ for all derivatives (hedging or trading) shall be the fair value. Derivatives with a positive fair value (above zero) shall be ‘ financial assets ’ and derivatives with a negative fair value (below zero) shall be ‘ financial liabilities ’ . The ‘ carrying amount ’ shall be reported separately for derivatives with a positive fair value ( ‘ financial assets ’ ) and for those with a negative fair value ( ‘ financial liabilities ’ ). At the date of initial recognition, a derivative shall be classified as ‘ financial asset ’ or ‘ financial liability ’ according to its initial fair value. After initial recognition, as the fair value of a derivative increases or decreases, the terms of the exchange may become either favourable to the institution (and the derivative is classified as ‘ financial asset ’ ) or unfavourable (and the derivative is classified as ‘ financial liability ’ ). The carrying amount of hedging derivatives shall be their entire fair value, including, where applicable, the components of this fair value that are not designated as hedging instruments.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Substituted by Commission Implementing Regulation (EU) 2020/429 of 14 February 2020 amending Implementing Regulation (EU) No 680/2014 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)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2014/680/annex/V/part/2/division/10/division/10.2/division/131",
    "retrieved_at": "2026-11-01T14:47:31.206584+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}