California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 3 - Agencies and Branch Offices
Part 10 - Deposit of Eligible Assets
Subpart 3 - Eligible Assets
Section 10.16051 - Valuation
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
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(a) In the case of an eligible asset which is being or is proposed to be deposited and received in or withdrawn and released from a pledge deposit, as of the current date.
(b) In the case of an eligible asset which is held in a pledge deposit and which is not being or proposed to be withdrawn and released from such pledge deposit, as of a reasonably current date.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.
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.
