Registered valuers organisation eligibility requires prescribed structure, training, code of conduct, and disciplinary controls for valuation practice. Eligibility for recognition as a registered valuers organisation depends on satisfying prescribed structural and functional requirements for valuation of a specific asset class or asset classes. The organisation must be a company with the required paid-up share capital, or a professional institute established by an Act of Parliament for regulation of a profession, and certain societies or trusts may also be recognised subject to conditions. It must conduct valuation education, grant membership or a certificate of practice only to qualified persons, enforce a code of conduct, provide continuing education, monitor member valuers, and maintain grievance and disciplinary mechanisms.