951.311CISOFederal Council OrdinanceJan 1, 2007Original source
The valuation experts in accordance with Article 118p paragraph 2 CISA must:
have the necessary qualifications;
be independent; and
have sufficient financial guarantees or have taken out professional indemnity insurance.
They must carry out the valuation with the diligence of a prudent and competent valuation expert.
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.
0 commentaries
No commentaries are available for this article yet.