Technical hedging
What is an Appraisal for a Technical Hedging?
THE APPRAISAL THAT DETERMINES THE CURRENT ASSET VALUE BEFORE THIRD PARTIES
The purpose is to determine the market value of those properties that make up the assets of Insurance Entities, Collective Investment Institutions, and Pension Funds, with a regulatory, supervisory, and transparent aim toward third parties with interests in these institutions.
These valuations are regulated by Order ECO/805/2003, as outlined in Article 2:
b) Determination of the fair value for the purposes of Section 4 of the second registration and valuation standard of the second part of the Accounting Plan for insurance and reinsurance entities, approved by Royal Decree 1317/2008, of July 24, and determination of asset valuation for the purposes of Article 68 of Law 20/2015, of July 14, on the organization, supervision, and solvency of insurance and reinsurance entities.
c) Determination of the assets of real estate collective investment institutions regulated by Royal Decree 1309/2005, of November 4, which regulates the Regulation of Law 35/2003, of November 4, governing Collective Investment Institutions.
d) Determination of the real estate assets of Pension Funds regulated by Royal Decree 304/2004, of December 20, which approves the Regulations of Pension Plans and Funds.
Who needs an Appraisal for a Technical Hedging?
INSURANCE COMPANIES, CISS AND INVESTMENT FUNDS
As mentioned before, Insurance Companies, CISs and Investment Funds within the framework of Spanish Order ECO/805/2003 to determine the value of their assets.
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