Regulation 16 Amount of liabilities and value of assets.
Unless otherwise provided in these Regulations, the amount or value given for a liability or an asset of the insurance undertaking shall be the amount or value of that liability or asset as determined in accordance with the provisions of Annex IV and V to these Regulations as appropriate. In the case of an asset of the insurance undertaking to which Annex V to these Regulations does not apply, the value given shall be the value which the asset would have if Annex V to these Regulations were applicable.