CHAPTER IVINDEPENDENCE OF VALUERS
Article 40Structural separation
1.
The independent valuer shall be a person separate from any relevant public authority, including the resolution authority, and the relevant entity.
2.
For the purposes of paragraph 1, the following requirements shall apply:
(a)
in relation to natural persons, the independent valuer shall not be an employee or contractor of any relevant public authority or the relevant entity;
(b)
in relation to legal persons, the independent valuer shall not belong to the same group of companies as any relevant public authority or the relevant entity.