Which article of the AIFM Directive 2011/61/EU defines the framework for external asset valuation by an independent expert?
Article 15
Article 18
Article 19
Article 20
What proportion of valuations proposed by managers were identical to those provided by external experts during AMF inspections (2022-2023) on illiquid assets?
90%
95%
97.6%
99%
What are the possible outcomes when a statutory auditor refuses to certify the accounts of a CIS?
Unqualified opinion
Qualified opinion
Adverse opinion
Disclaimer of opinion
What are the independence criteria imposed on an external valuation expert under article 73 of Delegated Regulation 231/2013?
Absence of economic ties with the AIF
No shareholding in the AIF
No performance-linked remuneration
Structural separation of interests
The management company may contractually exclude its liability in the event of incorrect asset valuation by an external expert.
True
False
Minimum valuation frequency for closed-ended funds
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Categorize items by dragging them to the appropriate zones
Items to categorize:
Articles L. 823-1 of the Code de commerce
Duty to report to the AMF
Categories:
Regulation
Responsibilities
An external valuation expert may delegate their valuation function to a third party under current regulations.