Valuer independence strengthened by a three year pre and post appointment restriction on valuation involvement clarifying temporal scope. Amendment to section 247(2)(d) replaces the earlier phrase with a specific cooling off period: prohibition on a valuer's involvement during the three ... Summary
Valuer independence strengthened by a three year pre and post appointment restriction on valuation involvement clarifying temporal scope.
Amendment to section 247(2)(d) replaces the earlier phrase with a specific cooling off period: prohibition on a valuer's involvement during the three years prior to his appointment as valuer and for three years after a valuation he conducted, thereby limiting conflicts of interest and reinforcing valuer independence.
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