Under the Pilot Patent Valuation Support Scheme (the “Scheme”) of the Government of HKSAR, CFA Society Hong Kong (the “Society”) is named in the Guidelines for Quantitative IP Valuation Reports (the “Guidelines”) as one of the professional bodies responsible for maintaining a list of designated valuation service providers.
To be eligible for inclusion to the list, an individual must:
- be an active CFA charterholder, and holds active memberships at the Society and CFA Institute;
- have at least three (3) years of experience valuing intangible assets as defined in IVS 210;
- be in good standing with the Society and CFA Institute, with no history of professional misconduct; and
- carry on business in Hong Kong by providing valuation services for properties (including but not limited to intellectual property (“IP”) assets), or provide valuation services through a firm or company that does so.
To apply, please complete the below Application Form and return it with your CV to info@cfahk.org with email subject "Application for Listing of Designated Valuation Service Providers".
Applications will be assessed by a Vetting and Designation Committee, comprising of Board of Directors of the Society and independent practising valuers specializing in intangible assets, and will be notified of the outcome in writing.
Continuing Training
Listed valuers must complete a minimum amount of intangible asset-related professional training annually from recognized providers. Valuers self-certify completion at annual renewal and retain supporting records for three (3) years. The Society may audit a sample of declarations.
Annual Renewal
Confirmations of good standing, continued Hong Kong practice, completion of aforementioned training and an undertaking to assess and confirm independence for each engagement will be consolidated into a single annual renewal, with each listed valuer submitting one combined attestation per year.
Disciplinary Measures
Where a listed valuer breaches applicable standards or the Guidelines, sanctions may include: (i) removal from the Independent Qualified Valuer list; and (ii) in serious cases, referral to CFA Institute for further action, which may include revocation of membership.
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