Article 40 Structural separation

The independent valuer shall be a person separate from any relevant public authority, including the resolution authority, and the relevant entity.

For the purposes of paragraph 1, the following requirements shall apply:

1. (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;

2. (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.