Rules in the FCA’s COLL sourcebook require authorised fund managers to ensure that the standing independent valuer values all immovables held with a scheme, on the basis of a full valuation with a physical inspection, at least once a year. In view of the restrictions the Government has put in place on individuals’ mobility in response to the Covid-19 pandemic, the FCA have published a statement today to clarify their expectations of complying with these rules under current circumstances.
If you would like to discuss this statement with the FCA, please contact:
Mike Bolton,
Technical Specialist, Asset Management and Funds Policy, Strategy & Competition,
FCA
[email protected]
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