{
  "url": "https://openlegislation.uk/eu-regulation-2016-101/article-2",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-101/article-2.json",
  "legislation": "eur/2016/101",
  "legislation_title": "Commission Delegated Regulation (EU) 2016/101 of 26 October 2015 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for prudent valuation under Article 105(14) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2016-101",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Definitions",
  "text": "For the purpose of this Regulation the following definitions shall apply:\n(a) ‘valuation position’ means a financial instrument or commodity or portfolio of financial instruments or commodities held in both trading and non-trading books, which are measured at fair value;\n(b) ‘valuation input’ means a market observable or non-observable parameter or matrix of parameters that influences the fair value of a valuation position;\n(c) ‘valuation exposure’ means the amount of a valuation position which is sensitive to the movement in a valuation input.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2016/101/article/2",
    "retrieved_at": "2026-11-01T14:46:06.477546+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."
}