IMPACT OF THE VALUATION ACT, 2026 ON THE OPERATIONS OF FINANCIAL INSTITUTIONS
INTRODUCTION This memorandum analyses the implications of the Valuation Act, 2026 (herein after referred to as “the Act”) on the operations of Financial Institutions (hereinafter “the Banks”), particularly in relation to due diligence, mortgage financing among others. OBJECTIVE OF THE ACT: Valuations are used to inform decisions in both the private and public sectors for […]
