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PRESS RELEASE 19 JULY 2010

INTERNATIONAL VALUATION PROFESSIONAL BOARD RELEASES TWO DOCUMENTS FOR CONSULTATION

The International Valuation Professional Board (IVPB) of the International Valuation Standards Council (IVSC) has released two documents for consultation: a Discussion Paper - ‘Definition of a Professional Valuer’; and an Exposure Draft - ‘Proposed Code of Ethics for Professional Valuers’.

The first document is published with a view to enhancing the public’s awareness of the valuation profession and the desired attributes of a professional valuer, whilst the second addresses the ethical responsibilities of professional valuers.

Introducing the two documents, IVPB chairman Brad Wagar said:

“Subsequent to the global financial crisis, change is likely to be more frequent and more complex than ever before. Therefore, it is particularly timely for the International Valuation Professional Board to be defining the ‘Professional Valuer’. It is our intention that this Discussion Paper, along with the companion Code of Ethics Exposure Draft, will afford both valuers and non-valuers the opportunity to shape the expectations for the future of the global valuation profession. We look forward to receiving your feedback.”

The documents are available on the IVSC website (www.ivsc.org). Comments are invited by 30th September 2010.

ENDS

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