Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 10 - BanksArticle 6 - California State Offices of Foreign (Other Nation) BanksSubarticle 3 - Agencies and Branch OfficesPart 10 - Deposit of Eligible Assets
Subpart 3 - Eligible Assets
Section 10.16051 - Valuation

Cal. Code Regs. tit. 10 § 10.16051

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.16051 - Valuation

For purposes of Financial Code Section 1811(b)(2), the market value of an eligible asset shall be determined as follows:

(a) In the case of an eligible asset which is being or is proposed to be deposited and received in or withdrawn and released from a pledge deposit, as of the current date.
(b) In the case of an eligible asset which is held in a pledge deposit and which is not being or proposed to be withdrawn and released from such pledge deposit, as of a reasonably current date. For purposes of this Subdivision (b), no determination of market value which is more than one month old shall be deemed to be as of a reasonably current date.

Cal. Code Regs. Tit. 10, § 10.16051

1. Change without regulatory effect amending first paragraph and NOTE filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).

Note: Authority cited: Section 326, Financial Code. Reference: Section 1811, Financial Code.

1. Change without regulatory effect amending first paragraph and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).