Material uncertainty declarations are not generally required due to the latest UK lockdowns

RICS Material Valuation Uncertainty Leaders Forum (UK) met on 5 January 2021 and continue to recommend that material valuation uncertainty declarations are not generally required now that most of the UK is in lockdown again.

This recommendation is subject to the terms and criteria set out on the Forum’s webpage. It continues to reflect that some assets valued with reference to trading potential remain subject to use of such a declaration and that discretion in all cases remains with the valuer. 

Author

Jacqui Bungay

Head of Policy and Company Secretary, AREF

Jacqui is AREF’s Company Secretary and provides policy guidance and secretariat services to AREF’s Board and Management Committee as well as many of AREF's committees and working groups.

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration in the trustee and depositary sector.