Regulatory Alerts2025-06-25
Instruction COSOB No. 25-03 of June 25, 2025 Fixing the Conditions and Procedures for the Registration of External Evaluators of Collective Investment Undertakings
The Commission d’Organisation et de Surveillance des Opérations de Bourse (COSOB) issued Instruction No. 25-03 to establish the eligibility criteria and registration procedures for external evaluators of Collective Investment Undertakings. The regulation defines qualifying categories including certified accountants, real estate experts, and financial rating agencies, while mandating specific documentation and a due diligence consent process for applicants. Registration is valid for five years, renewable, and the official list of approved evaluators is published on the Commission's website.
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