Regulatory Alerts2014-07-10
Instruction No. 2014-I-07 of July 10, 2014, on the Expert Acceptance Procedure for Valuing Real Estate and Shares of Non-Listed Real Estate Companies
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2014-I-07 to establish the mandatory acceptance procedure for experts conducting valuations of real estate assets and shares of non-listed real estate companies held by insurance undertakings. The regulation requires insurance entities to submit expert dossiers for ACPR approval prior to engagement, ensuring experts meet strict independence, technical competence, and professional standards. It supersedes previous 2006 guidelines and mandates that valuations performed by unaccepted experts are deemed non-compliant with applicable social security, mutual, and insurance codes.
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