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Implications of SFC Guidance Note and the New Framework in Valuation for Company Directors and Valuation Professionals (30 Oct 2018)

RICS Royal Institution of Chartered Surveyors

Tuesday, October 30, 2018 from 3:00 PM to 5:00 PM (HKT)

Implications of SFC Guidance Note and the New...

Ticket Information

Ticket Type Sales End Price Fee Quantity
RICS Professionals & APC Candidates Oct 30, 2018 HK$420.00 HK$0.00
Members of CHKLC Oct 30, 2018 HK$420.00 HK$0.00
Non-member Oct 30, 2018 HK$500.00 HK$0.00

Share Implications of SFC Guidance Note and the New Framework in Valuation for Company Directors and Valuation Professionals (30 Oct 2018)

Event Details

Co-organiser: 

 

Date:  Tuesday 30 October 2018
Time:  15:00 - 17:00 (14:30 registration)
Venue:  Room 3707, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong
Language:   English
Capacity:  80

CPD Hour: 2 hours



 

Seminar overview

The guidance note issued by the SFC reminds directors to perform independent due diligence regarding the subject interest (asset or company). Directors should not simply accept financial forecasts and assumptions provided by management of the target company or third-party adviser. Instead they should take all reasonable steps to verify the accuracy and reasonableness of material information that is likely to impact the valuation of the subject assets or target company. In addition, directors should not use valuers as a shield when it comes to valuations. They are responsible for engaging a valuer, ensuring valuers are qualified to perform the work and provide quality and independent valuations, and making sure to provide all relevant information to valuers.

Launched in 2017, the Certified in Entity and Intangible Valuations TM (CEIVTM) Credential sets the new standard for business valuation professionals by asking them to comply with a set of requirements including the Mandatory Performance Framework (MPF or framework). 

It is therefore important that company directors and management have the basic knowledge of the valuation framework and process so as to on the one hand be able to assess the reasonableness of any valuation figure that comes their way, and on the other hand be in a position to work with valuers professionally and effectively when it comes to engaging their services.

This seminar therefore aims to familiarize company directors and management with the fundamentals of valuation and advise on assessing valuation reports.

 



Speaker

Mr. Steve Choi
Global Director of Business Valuation, Professional Standards, RICS

Mr. Steve Choi is RICS' Global Director of Business Valuation. He is based in New York City and works within the Professional Standards team to ensure that policies, quality assurance and forward-looking strategies support RICS members to deliver global standards across the valuation profession.

With 17 years of experience in performing high-end valuation of businesses, business interests, and intangible assets for transactions, tax and financial reporting, and other strategic purposes, Steve has extensive experience in complex transaction advisory services associated with purchase price allocations, asset impairments, buy/sell agreements, divestitures, private equity and restructuring transactions.

Steve has worked on the development of the new Certified in Entity and Intangible Valuations (CEIV) credential as part of a drafting committee responsible for writing the Mandatory Performance Framework (MPF) and application of the MPF. This framework will be used by business valuation professionals when performing fair value measurements for financial reporting purposes.

 



Registration

 

RICS Professionals & APC Candidates: HK$420.00

Members of CHKLC: HK$420.00

Non-member: HK$500.00


 



Enquiry

Peter Au, Business Development Manager

Tel: 2116 9719

Email: pau@rics.org


Remarks:

  • The organiser reserves the right to cancel or reschedule the seminar at its discretion.
  • No refund or cancellation will be accepted, but a substitute delegate is normally permitted. Please inform the organiser of your substitute delegate at least 5 days before the seminar.
  • If a typhoon signal no. 8 or above, or black rainstorm warning is in force at least 3 hours before the programme is scheduled to begin, the seminar will be postponed until further notice. Otherwise, it will continue as scheduled.
  • Registration will only be confirmed upon receipt of completed registration form and full payment.
  • Upon completion of this event, a CPD certificate will be granted. A payment receipt along with the CPD certificate will be sent to you by email with 10 business days after the seminar.
Have questions about Implications of SFC Guidance Note and the New Framework in Valuation for Company Directors and Valuation Professionals (30 Oct 2018)? Contact RICS Royal Institution of Chartered Surveyors

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When & Where


RICS Hong Kong Office
Room 3707-09, Hopewell Centre
183 Queen's Road East
Wanchai, Hong Kong
Hong Kong SAR China

Tuesday, October 30, 2018 from 3:00 PM to 5:00 PM (HKT)


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Organizer

RICS Royal Institution of Chartered Surveyors

We're the global professional body promoting and enforcing the highest international standards in the valuation, management and development of land, real estate, construction and infrastructure.

With offices covering the major political and financial centres of the world, our market presence means we're ideally placed to influence policy and embed standards at a national level.

We work at a cross-governmental level, delivering a single, international standard that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.

We accredit 125,000 qualified and trainee professionals and any individual or firm registered with us is subject to our quality assurance. We're proud of our reputation and we guard it fiercely, so clients who work with our registered professionals can have confidence in the quality and ethics of the services they receive.

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