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Commission Delegated Regulation (EU) No 231/2013Show full title
Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance)
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- Revised 01/04/20201.17 MB
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Changes over time for: Article 73
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Commission Delegated Regulation (EU) No 231/2013, Article 73 is up to date with all changes known to be in force on or before 20 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Article 73:
- Regulation revoked by 2023 c. 29 Sch. 1 Pt. 3
Article 73U.K.Professional guarantees
1.External valuers shall provide upon request professional guarantees to demonstrate their ability to perform the valuation function. Professional guarantees to be furnished by external valuers shall be in written form.
2.The professional guarantees shall contain evidence of the external valuer’s qualification and capability to perform proper and independent valuation, including, at least, evidence of:
(a)sufficient personnel and technical resources;
(b)adequate procedures safeguarding proper and independent valuation;
(c)adequate knowledge and understanding of the investment strategy of the AIF and of the assets the external valuer is appointed to value;
(d)a sufficiently good reputation and sufficient experience with valuation.
3.Where the external valuer is subject to mandatory professional registration with the competent authority or another entity of the state where it is established, the professional guarantee shall contain the name of this authority or entity, including the relevant contact information. The professional guarantee shall indicate clearly the legal or regulatory provisions or rules of professional conduct to which the external valuer is subject.
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