ALFI Comments to the IOSCO Consultation Principles for the Valuation of Collective Investment Schemes
22 May 2012 | Statements and Position Papers
On 18 May ALFI commented on the IOSCO Consultation Principles for the Valuation of Collective Investment Schemes.The consultation report sets out principles which can be utilised in order to assess the quality of regulation and industry practices regarding the valuation of CIS with a view to ensuring the fair treatment of investors.
It updates and modernises IOSCO’s Principles for CIS Valuation (which was originally developed in 1999) so as to take into consideration subsequent regulatory, industry and market developments. It also clarifies some concepts put forward by IOSCO in its report “Principles for the Valuation of Hedge Fund Portfolios”, such as the entity responsible for establishing a policy governing valuation and the independence of the valuation duty.
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