Definitions: Registered valuer and related terms set scope, registration, recognition and asset class rules for valuation practice. Rule 2 defines core terms for the valuation regime: valuer as a person registered with the authority; registered valuers organisation and asset class as ... Summary
Definitions: Registered valuer and related terms set scope, registration, recognition and asset class rules for valuation practice.
Rule 2 defines core terms for the valuation regime: valuer as a person registered with the authority; registered valuers organisation and asset class as distinct groupings requiring specific valuers; certificate of registration and certificate of recognition as the formal credentials for valuers and organisations; valuation standards as the benchmark; and authority as the body designated by the central government. Undefined terms derive their meanings from the Companies Act and related specification rules.
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