Merci de désactiver le bloqueurs de pub pour visualiser cette vidéo.
Book IV - Collective investment products
Title II - AIFS
Chapter I - General provisions
Section 2 - Valuation
Article 421-31 from 01/12/2024

Article 421-31 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/421-31/20241201/notes

In application of Article L. 214-24-16 of the Monetary and Financial Code, where an external valuation expert performs the valuation function:

  1. Their appointment shall comply with the rules on delegation provided for in Article 318-62 I and II;

  2. The portfolio asset management company, investment management company or manager shall comply with Article 73 of Commission Delegated Regulation (EU) No. 231/2013 of 19 $ December 2012;

  3. The external valuation expert, who may be a member of one or more representative professional bodies, shall at all times abide by a charter that includes:

    a) A description of the valuation tools and methods used for each category of assets in which they are competent;

    b) A principle of independence that they must comply with, and specifically a procedure for detecting and managing conflicts of interest and, where appropriate, informing the portfolio asset management company, investment management company or manager thereof;

An information policy and procedure whereby the external valuation expert informs the portfolio asset management company, investment management company or manager without delay of any changes in their situation as declared at the time of appointment.