ERSM - Recent changes to this Guidance

Below are details of the amendments that were published on 15 December 2005

SectionTitle and details of update
ERSM50000Securities with Artificially Depressed Market Value
ERSM60000Securities with Artificially Enhanced Market Value
ERSM70000Securities acquired for less than Market Value
ERSM80000Securities disposed of for more than Marker Value
ERSM100000University Spin-outs
ERSM220000Valuation issues