ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
112. Obligations of a valuer
Edition: 2023-10-06 · In force
112. Obligations of a valuer
A valuer shall—(a)not hold REIT securities in an investment scheme for which it has been appointed to act as valuer;(b)comply with the provisions of the Act and these Regulations;(c)immediately advise the trustee and the REIT manager if a conflict of interest arises or if it ceases to be independent or qualified for appointment generally or in relation to a specific valuation;(d)ensure that its opinion and valuation are objective and independent of its business or commercial relationships; and(e)immediately inform the trustee and the REIT manager of any circumstance or factors which come to the knowledge of the valuer which may reasonably affect the accuracy of the last valuation report prepared in respect of any asset.