Unless otherwise provided in these Regulations, in the documents which an undertaking is required to prepare in accordance with these Regulations -
(a) the amount or value given for a liability or an asset of the undertaking shall be the amount or value of that liability or asset as determined in accordance with the provisions of Parts IV and V, as appropriate;
(b) where there are no applicable valuation regulations, then,
(i) in the case of asset of the undertaking other than a linked asset, the value given shall be the value which the asset would have if valuation regulations were applicable, and
(ii) in the case of a linked asset of the undertaking, the value given shall be the value of that asset as determined in accordance with generally accepted accounting concepts, bases and policies or other generally accepted methods appropriate for insurance undertakings.