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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Collective Investment Rules (CIR) [VER26/12-19 ]
Part 6 Rules Specific to Specialist Classes of Domestic Funds
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

Whole SectionText only Print Print Manager Link

(1 version)
Jul 11 2010 onwards

CIR 13.4.22

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

A Fund ManagerG must ensure that any valuation report prepared by the PersonG appointed:

(a) includes all material details in relation to the basis of valuation and the assumptions used;
(b) describes and explains the valuation methodologies adopted;
(c) outlines the overall structure and condition of the relevant market including an analysis of the supply and demand situation, the market trend and investment activities;
(d) includes a brief description of the property, its location, the nature of the interest the FundG holds in the property, its existing use, any encumbrances concerning or affecting the property, the lease expiry profile if any, the capital value in existing state at the date the valuation was performed, the net monthly income from the property, and any other matters which may affect the property or its value;
(e) confirms the professional status of the valuer and that the valuation report is prepared on a fair and unbiased basis; and
(f) explains the rationale for choosing the particular valuation method if more than one method is available.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]