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Recital 18

Recital 18

(18)For the same reasons, valuations for the purpose of informing the determination by the competent authority or the resolution authority of whether the conditions for resolution are met should be consistent with the applicable accounting and prudential framework. However, the valuer should be able to depart from the assumptions made by the CCP’s management under which the financial statements are prepared to the extent that such departure is consistent with the applicable accounting and prudential framework.

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