+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. Vue d’ensemble

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1.1 Références

1.2 Exigences identifiées

1.3 Normes associées

2. Exigences identifiées

Exigences

3. Normes associées

Normes