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Art. 64

951.31CISAFederal ActJan 1, 2007Original source
  1. The fund management company and the SICAV shall appoint at least two natural persons or one legal person as valuation experts. Appointments require the approval of FINMA.1
  2. Approval is granted if the valuation experts:2
    1. possess the necessary qualifications;
    2. are independent;
    3. 3 .
  3. The valuation experts must conduct their valuations with the due diligence and expertise required of a valuation expert.4
  4. FINMA may make recognition dependent on the conclusion of professional indemnity insurance or on the evidence of financial guarantees.5
  5. It may stipulate additional requirements for the valuation experts and describe the valuation methods to be adopted.6

Footnotes

  1. Amended by No I of the FA of 28 Sept. 2012, in force since 1 March 2013 (AS 2013 585;BBl 2012 3639). ↩

  2. Amended by No I of the FA of 28 Sept. 2012, in force since 1 March 2013 (AS 2013 585;BBl 2012 3639). ↩

  3. Repealed by No I of the FA of 28 Sept. 2012, with effect from 1 March 2013  (AS 2013 585;BBl 2012 3639). ↩

  4. Amended by No I of the FA of 28 Sept. 2012, in force since 1 March 2013 (AS 2013 585;BBl 2012 3639). ↩

  5. Amended by No I of the FA of 28 Sept. 2012, in force since 1 March 2013 (AS 2013 585;BBl 2012 3639). ↩

  6. Amended by No I of the FA of 28 Sept. 2012, in force since 1 March 2013 (AS 2013 585;BBl 2012 3639). ↩

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