Optional provisions: valuation principles11
1
A relevant compensation order may make any of the following provisions (subject to any necessary modifications).
2
In making the assessment of the insolvency treatment required by regulation 6(2), the independent valuer must assume that the property specified in the order (or property of a class specified in the order) would have been sold for the price specified in the order or calculated by reference to criteria specified in the order.
3
In making the assessment of the insolvency treatment required by regulation 6(2), the independent valuer must assume that the property specified in the order (or property of a class specified in the order) would have been treated in the manner specified in the order.
4
In making the assessment of the actual treatment required by regulation 6(3), the independent valuer must assume that relevant securities would have—
a
a value specified in the order;
b
a value calculated by reference to criteria specified in the order.
5
In paragraph (4) “relevant securities” means the specified securities (or class of securities) issued by the relevant banking institution that have been issued or transferred to a specified relevant person (or class of relevant persons).
6
In paragraph (5) “specified” means specified in the order.