Section 149
of Securities Markets Regulations, 2015
Subsidiary LegislationIn forceProvision 149 of 199
Section 149
(1)
An operator of a property collective investment scheme must, subject to the approval of the trustee or other person providing oversight function, appoint an independent valuer in accordance with these Regulations.
{2)
The operator of the property collective investment scheme must ensure that the independent valuer appointed under sub-regulation (1) values each real property prior to its acquisition and disposal.