Related provisions for INSPRU 3.2.34

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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

For the purpose of INSPRU 3.2.5R (3)(b), a derivative or quasi-derivative is capable of valuation only if the firm:(1) is able to value it with reasonable accuracy on a reliable basis in compliance with PRA Rulebook: Non-Solvency II firms: Insurance Company – Overall Resources and Valuation, 3.16; and(2) reasonably believes that it will be able to do so throughout the life of the transaction.