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+Article 71 2. |
Article 71 2.The valuation policies and procedures shall set out a review process for the individual values of assets, where a material risk of an inappropriate valuation exists, such as in the following cases:
(a)
the valuation is based on prices only available from a single counterparty or broker source;
(b)
the valuation is based on illiquid exchange prices;
(c)
the valuation is influenced by parties related to the AIFM;
(d)
the valuation is influenced by other entities that may have a financial interest in the AIF’s performance;
(e)
the valuation is based on prices supplied by the counterparty who originated an instrument, in particular where the originator is also financing the AIF’s position in the instrument;
(f)
the valuation is influenced by one or more individuals within the AIFM. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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