# Commission Delegated Regulation (EU) 2016/1075 of 23 March 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the content of recovery plans, resolution plans and group resolution plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the conditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges (Text with EEA relevance), Article 40: Structural separation

Extent: E+W+S+N.I.

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.

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Source: https://www.legislation.gov.uk/eur/2016/1075/article/40 (the official version)
Page: https://openlegislation.uk/eu-regulation-2016-1075/article-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.