Singapore legislation
Regulation 3
Regulation 3
Principles for conducting valuation
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:
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;
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;
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.