Updated 18/10/2024
In force

Version from: 08/07/2016
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Article 40 - Structural separation

Article 40

Structural separation

1.  
The independent valuer shall be a person separate from any relevant public authority, including the resolution authority, and the relevant entity.
2.  

For the purposes of paragraph 1, the following requirements shall apply:

(a) 

in relation to natural persons, the independent valuer shall not be an employee or contractor of any relevant public authority or the relevant entity;

(b) 

in relation to legal persons, the independent valuer shall not belong to the same group of companies as any relevant public authority or the relevant entity.