Sources of information
Article 4
The valuation shall be based on any information pertinent to the valuation date which is deemed relevant by the valuer. In addition to the entity's financial statements, related audit reports and regulatory reporting as of a period ending as close as possible to the valuation date, that relevant information may include the following: (a) the updated financial statements and regulatory reporting prepared by the entity as close as possible to the valuation date; (b) an explanation of the key methodologies, assumptions and judgements used by the entity in order to prepare the financial statements and regulatory reporting; (c) data contained in the records of the entity; (d) relevant market data; (e) conclusions drawn by the valuer from discussion with management and auditors; (f) where available, supervisory assessments of the entity's financial condition, including information acquired pursuant to point (h) of Article 27(1) of Directive 2014/59/EU; (g) industry-wide assessments of asset quality, where relevant to the entity's assets, as well as stress test results; (h) valuations of peers, adequately adjusted to capture the entity's specific circumstances; (i) historical information, adequately adjusted to eliminate factors that are no longer relevant, and to incorporate other factors that did not affect the historical information; or (j) trend analyses, adequately adjusted to reflect the entity's specific circumstances.