PIB A2.1.1

(1) This Appendix applies to an Authorised Firm which meets the criteria in PIB Rule 2.2.1 and is thereby required to have a Trading Book.
(2) An Authorised Firm which is required to have a Trading Book must:
(a) have a Trading Book policy in accordance with PIB section A2.2; and
(b) include positions in its Trading Book on a consistent basis in accordance with the policy and procedures set out in the Trading Book policy.
(3) An Authorised Firm must include every position that is not included in its Trading Book in its Non-Trading Book.
(4) An Authorised Firm must value every position included in its Trading Book and the Non-Trading Book in accordance with the relevant accounting standards and practices.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]