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Art. 126y

951.311CISOFederal Council OrdinanceJan 1, 2007Original source
  1. The valuation experts in accordance with Article 118p paragraph 2 CISA must:
    1. have the necessary qualifications;
    2. be independent; and
    3. have sufficient financial guarantees or have taken out professional indemnity insurance.
  2. They must carry out the valuation with the diligence of a prudent and competent valuation expert.
  3. The valuation of properties on acquisition or sale, the valuation of properties belonging to the L-QIF and the audit and valuation of construction projects are governed by Articles 92–94.

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