2024-11-28

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Circular 04/24 — Establishing the Recognition of Appraisal or Valuation Professional Associations

The Superintendence of the Securities Market recognizes the Instituto de Tasadores Dominicanos, Inc. (ITADO), the Colegio Dominicano de Ingenieros, Arquitectos y Agrimensores (CODIA), and any other professional association grouping these professionals that holds accreditation from the Pan American Union of Valuation Associations (UPAV) or the International Valuation Standards Council (IVSC) for the purpose of real estate appraisals. This recognition applies to appraisals or valuations of real estate, immovable property, or fiduciary assets constituting guarantees or public offering securities. The provisions of this circular enter into force on the business day following its publication.

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Dominican Republic

Superintendencia del Mercado de Valores (Dominican Republic)

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