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Principles for conducting valuation

Deposit Insurance and Policy Owners’ Protection Schemes (Withdrawal from DI Fund in Support of Resolution Measures) Regulations 2022

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An independent valuer appointed under regulation 2 must conduct the valuation in accordance with the following valuation principles, and any other valuation principles that the Authority may, by written notice given to the independent valuer, specify:(a)the valuation must not take into account any financial support or assistance provided to the DI Scheme member by the Government, a body corporate established or constituted by or under a public Act for the purposes of a public function or a public officer, other than any financial support that is provided in the ordinary course of business;(b)the valuation must be made on the assumption that the DI Scheme member is not the subject of any resolution measure under Division 2, 4, 5, 6 or 9 of Part 8 of the Financial Services and Markets Act 2022;(c)the valuation must be made on the assumption that the DI Scheme member is wound up under Parts 8 and 9 of the Insolvency, Restructuring and Dissolution Act 2018 or by a liquidator appointed under section 250 of that Act.

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