Art. 93

(Art. 64 CISA)¹

1. The market value of the properties belonging to the real estate fund must be reappraised by the valuation experts at the end of each accounting year.
2. The properties must be physically inspected by the valuation experts at least every three years.
3. The valuation experts must provide the audit company with justification for their method of valuation.
4. Where the fund management company and the SICAV do not adopt the revised valuation figure in their accounts, they must explain this to the audit company.