Special rules on the frequency of valuation

(1) Section 217 applies with the proviso that the value of assets within the meaning of section 231(1) and section 234 must be determined within a period of three months. Where the investment conditions of a real estate collective investment fund provide, under section 255(2), for the redemption of units less frequently than every three months, the value of assets within the meaning of section 231(1) and section 234 must be determined within a period of three months before every redemption date. By way of derogation from the first and second sentences, the value must always be newly determined and recognised where, in the opinion of the AIF capital management company, the most recently determined value is no longer appropriate on account of changes in material valuation factors; the AIF capital management company must document its decision and the reasons for it in a comprehensible manner.
(2) Subsection (1) applies correspondingly to the valuation of the properties stated in the annual financial statements or in the statement of assets of the real estate company.