Valuation of assets and liabilities
15.  In any document which an SPRV is required to prepare in accordance with these Regulations, the value or amount given for an asset or a liability of the SPRV shall be the value or amount of that asset or liability, as the case may be, as determined in accordance with any applicable regulation under the Insurance (Valuation and Capital) Regulations 2004 (G.N. No. S 498/2004) and any direction issued under the Act.