Jurisdiction
International Valuation Standards (IVS), published by the International Valuation Standards Council in 2021 (effective from 31 January 2022), states: ‘The word “jurisdiction” refers to the legal and regulatory environment in which a valuation engagement is performed. This generally includes laws and regulations set by governments (eg, country, state and municipal) and, depending on the purpose, rules set by certain regulators (eg, banking authorities and securities regulators).’
See also: Jurisdiction clause.
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