Singapore legislation

Regulation 4

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

Regulation 4

Submission of valuation report

An independent valuer must submit a valuation report to the Authority specifying the following information:

(a)

the independent valuer’s assessment of the amounts that the Agency would have been repaid from or out of the assets of the DI Scheme member under section 27 of the Act;

(b)

an explanation of the key methodologies and assumptions adopted by the independent valuer in making the assessment in paragraph (a), the reasons for their adoption, and the sensitivity of the assessment to these methodologies and assumptions;

(c)

any source of uncertainty in the valuation that is inherent in the independent valuer’s assessment.