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Portuguese real estate valuers : CMVM’s oversight

Portuguese real estate valuers : CMVM’s oversight. Tiago dos Santos Matias Director Ongoing Supervision Department. Lisbon, 18 May 2018. Portuguese real estate valuers : CMVM’s oversight. Agenda. Portuguese market : a brief overview of the supervised real estate valuers

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Portuguese real estate valuers : CMVM’s oversight

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  1. Portuguese real estatevaluers: CMVM’soversight Tiago dos Santos Matias Director OngoingSupervisionDepartment Lisbon, 18 May 2018

  2. Portuguese real estatevaluers: CMVM’soversight Agenda Portuguese market: a briefoverviewofthesupervised real estatevaluers The Portuguese Regime Ongoingconcerns: towards a betterandtrustworthy real estatevaluation 2

  3. Portuguese real estatevaluers: CMVM’soversight Portuguese market: a briefoverviewofthesupervised real estatevaluers Registered real estatevaluers 3

  4. Portuguese real estatevaluers: CMVM’soversight Portuguese market: a briefoverviewofthesupervised real estatevaluers Marketnumbers 4

  5. Portuguese real estatevaluers: CMVM’soversight The Portuguese Regime • The legal frameworkofLaw 153/2015 • Thevaluation • Defines the standards andmethodologies • Specifiestheminimumrequirements in termsofformandcontentofthevaluationreport (includingelementsofaccountability. Templateisnotprovidedbutshouldcomplywiththe legal regime, withoutpresentinganyconstraints) • Thevaluer • Knowledgeandcompetencerequirements • Independency [+BdP’s Aviso 5/2006] and [avoindanceof] conflictsofinterestsrequeriments • Subject to registrationon CMVM [in order to provideservices to thePortuguese financial system] • Professional indemnityinsurancerequired 5

  6. Portuguese real estatevaluers: CMVM’soversight Ongoingconcerns: towards a betterandtrustworthy real estatevaluation • The legal frameworkofLaw 153/2015 • Thesurveyor • Knowledgeandcompetencerequirements: continuousupdates • Delegationofthevaluationfunctionisforbiden • Conflictsofinterestsrequeriments • Remunerationandvaluationquality • The Professional Associations role 6

  7. PresentationEstoril, Portugal Lisbon, 18 May 2018 Tiago dos Santos Matias Director OngoingSupervisionDepartment

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