In the UK, firms are required to carry out independent price verification at least monthly1.
Notes
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Prudential Regulation Authority, "Article 105 Requirements for Prudent Valuation" (PRA Rulebook). ↩
Independent price verification
- Japanese
- 独立した時価の検証
- Last reviewed
- September 26, 2026
This is a draft, shown for review before publication.
Independent price verification is the regular re-checking of market prices and valuation inputs, separate from daily marking to market, by a person or unit independent of those who benefit from the trading book.