5.

Where an external valuer performs the valuation function, the AIFM shall demonstrate that: the external valuer is subject to mandatory professional registration recognised by law or to legal or regulatory provisions or rules of professional conduct; the external valuer can provide sufficient professional guarantees to be able to perform effectively the relevant valuation function in accordance with paragraphs 1, 2 and 3; and the appointment of the external valuer complies with the requirements of Article 20(1) and (2) and the delegated acts adopted pursuant to Article 20(7).

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Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.