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New version applies from 28/07/2016. 106 provisions change. Article 40 changes in this version: compare with the current text.

Article 40 - Structural separation

Article 40
Structural separation

1.The independent valuer shall be a person separate from any relevant public authority, including the resolution authority, and the relevant entity.

2.For the purposes of paragraph 1, the following requirements shall apply:

(a)

in relation to natural persons, the independent valuer shall not be an employee or contractor of any relevant public authority or the relevant entity;

(b)

in relation to legal persons, the independent valuer shall not belong to the same group of companies as any relevant public authority or the relevant entity.

Official text · consolidated version 08/07/2016 (no longer in force) Open full page ↗
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