Regulatory Alerts2017-06-15
Instruction No. 2017-I-09 of June 15, 2017 Modifying Instruction No. 2014-I-07 Regarding the Acceptance Procedure for Experts in the Valuation of Real Estate and Shares of Non-Listed Real Estate Companies
The Prudential Control and Resolution Authority (ACPR) issues Instruction No. 2017-I-09 to establish the acceptance procedure for experts evaluating the realization value of real estate and shares of non-listed real estate companies held by insurance organisms. This instruction mandates that insurance entities submit expert acceptance dossiers to the ACPR prior to engagement, ensuring experts meet strict independence and competency standards while replacing the previous 2014 framework. It further defines the submission timelines, required documentation, and the legal consequences of using non-accepted experts for statutory valuations.
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