1. Defvas Project In Partnership with TEGoVA and the IRRV EUROPEAN VALUATION STANDARD - 3 THE QUALIFIED VALUER

2. Defvas Project In Partnership with TEGoVA and the IRRV INTRODUCTION For a client to be able to rely on a valuation Professionally prepared By a suitably skilled Competent, experienced Objective valuer

3. Defvas Project In Partnership with TEGoVA and the IRRV SCOPE Who should take responsibility for a valuation The valuation report be approved by a Qualified Valuer All valuers contributing to a report must have sufficient expertise Professional standards

4. Defvas Project In Partnership with TEGoVA and the IRRV GENERAL A valuation should be prepared by a Qualified Valuer The valuer must be able to show professional skill, knowledge and competence appropriate to the type and scale of valuation The valuer’s instruction should be agreed before undertaking the valuation Valuations which are to be in the public domain No specific criteria for most valuations

5. Defvas Project In Partnership with TEGoVA and the IRRV THE QUALIFIED VALUER Definition - A Qualified Valuer European definition of an Asset Valuer for State Aid Rules National Legislation Recognised European Valuer (REV) TEGoVA’s Minimum Educational Requirements (MER) Continuing Professional Development

6. Defvas Project In Partnership with TEGoVA and the IRRV COMMENTARY General Conflicts of interest Independence of the Valuer EU Definitions The valuer’s liability