# Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services (Text with EEA relevance), Article 12: Collateral valuation

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

1. A CSD-banking service provider shall establish collateral valuation policies and procedures that ensure the following:
(a) that the financial instruments referred to in Article 10 are valued mark-to- market on at least a daily basis;
(b) that the financial instruments referred to in Article 11(1) are valued on at least a daily basis, and, where such daily valuation is not possible, that they are valued on a mark-to-model basis;
(c) that the financial instruments referred to in Article 11(2) are valued on at least a daily basis, and where such daily valuation is not possible, that they are valued on a mark-to-model basis.
2. The methodologies for the mark-to-model valuation referred to in points (b) and (c) of paragraph 1 shall be fully documented.
3. A CSD-banking service provider shall review the adequacy of its valuation policies and procedures in all of the following cases:
(a) on a regular basis which shall be at least annually;
(b) where a material change affects the valuation policies and procedures.

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Source: https://www.legislation.gov.uk/eur/2017/390/article/12 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-390/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.