+Article 26 2

Article 26 2

2.   Where resolution authorities take resolution action on the basis of a provisional valuation, they shall ensure that a definitive valuation is carried out as soon as practicable.

The resolution authority shall ensure that the definitive valuation referred to in the first subparagraph:

(a)

allows for full recognition of any losses of the CCP in its books;

(b)

informs a decision to write back creditors’ claims or to increase the value of the consideration paid, in accordance with paragraph 3.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards