January 1, 2018
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Registered valuer requirement: registration and qualification exams now mandatory to conduct statutory valuations across asset classes.
Registration and examination regime requires persons conducting statutory valuations to be registered valuers who clear specified valuation examinations in the asset classes of securities or financial assets, land and building, and plant and machinery; courses must be delivered by Registered Valuer Organisations, and registration prerequisites include necessary qualifications and experience, enrollment with an RVO, completion of an RVO course, and passing the regulator's valuation examination.