(1) This Appendix applies to an Authorised Person which meets the criteria in Rule 2.2.1 and is thereby required to have a Trading Book.
(2) An Authorised Person which is required to have a Trading Book must:
(a) have a Trading Book policy in accordance with 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 Person must include every position that is not included in its Trading Book in its Non-Trading Book.
(4) An Authorised Person must value every position included in its Trading Book and the Non-Trading Book in accordance with the relevant accounting standards and practices.