Article 24
Valuation of assets and off-balance sheet items
1.
The valuation of assets and off-balance sheet items shall be effected in accordance with the applicable accounting framework.
2.
By way of derogation from paragraph 1, competent authorities may require that institutions effect the valuation of assets and off-balance sheet items and the determination of own funds in accordance with the international accounting standards as applicable under Regulation (EC) No 1606/2002.
