(1) The value of any approved securities shall be -
(a) in the case of a listed securities, the middle market quotation together with any interest accrued thereon;
(b) in the case of securities which are not transferable, the amount payable on a surrender or redemption of such securities at the relevant date; and
(c) in any other case, the amount which would reasonably be paid by way of consideration for an immediate transfer or assignment thereof.
(2) The value of -
(a) shares in any building society or industrial and provident society, and
(b) share options and debenture options, not being traded options,
shall be the amount which would reasonably be paid by way of consideration for an immediate transfer or assignment thereof.
(3) The value of traded options shall be the middle market quotation.