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Regulation On independent valuation of a certificate (document) confirming membership in the system of club holiday (timeshare)
Agreement
Regulations
Regulation On independent valuation of a certificate (document) confirming membership in the system of club holiday (timeshare)
Regulation On independent valuation of a certificate (document) confirming membership in the system of club holiday (timeshare)
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Regulation On independent valuation of a certificate (document) confirming membership in the system of club holiday (timeshare)
14. The valuator registrates and registers all concluded agreements on the valuation, issued by the valuator and notifications on impossibility of making a valuation report.
Documentation on the valuation is stored by the valuator for three years.
Documentation on the valuation is stored by the valuator for three years.
III. Performing the valuation
15. Materials provided to the valuator for the valuation are registered in a stated order and delivered to valuation specialists assigned from the staff of the valuator. The specialists possess required knowledge in the corresponding sphere of science and engineering and have the right to perform valuation under the attestation results (further referred to as specialists).
• The chief of the valuator selects, approves the specialists and the procedure of their activity.
• Groups of valuators on separate areas of valuation may be organized to perform valuation of elaborated objects of valuation.
• The valuator is entitled to apply to freelance scientists and specialists who are out of staff of the valuator in agreement with the valuation client. The valuation freelancers perform their valuation activity under the Regulation.
• The chief of the valuator selects, approves the specialists and the procedure of their activity.
• Groups of valuators on separate areas of valuation may be organized to perform valuation of elaborated objects of valuation.
• The valuator is entitled to apply to freelance scientists and specialists who are out of staff of the valuator in agreement with the valuation client. The valuation freelancers perform their valuation activity under the Regulation.
16. The chief of the valuator is responsible for providing the valuation in strict compliance with the Regulation as well as normative-technical and guide-methodical documents regulating XANTO TRADING LLP valuation activity.
17. The chief of the valuator:
1) receives materials provided to the valuator for the valuation;
2) approves the schedule of the valuation and assigns (in a written form) one or several specialists to perform it;
3) explains rights and duties to the specialists, informs on responsibility for refusal to issue the valuation report or issuing the knowingly false valuation report;
4) provides the specialists with required additional information;
5) is aware of the procedure and results of the research performed by the specialists, provides them with required scientific-technical and methodical assistance, monitors the time limits of the valuation;
6) provides protection of limited access information submitted for the valuation;
7) at the end of the valuation checks the completeness of the research performed, sufficiency of the summary made by the specialists and correctness of the valuation report;
8) sends the valuation report with all materials to the valuation client.
The chief of the valuation is entitled to grant his duties to a subordinate.
1) receives materials provided to the valuator for the valuation;
2) approves the schedule of the valuation and assigns (in a written form) one or several specialists to perform it;
3) explains rights and duties to the specialists, informs on responsibility for refusal to issue the valuation report or issuing the knowingly false valuation report;
4) provides the specialists with required additional information;
5) is aware of the procedure and results of the research performed by the specialists, provides them with required scientific-technical and methodical assistance, monitors the time limits of the valuation;
6) provides protection of limited access information submitted for the valuation;
7) at the end of the valuation checks the completeness of the research performed, sufficiency of the summary made by the specialists and correctness of the valuation report;
8) sends the valuation report with all materials to the valuation client.
The chief of the valuation is entitled to grant his duties to a subordinate.
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A Memorandum on the conduct of an independent examination