Screws tighten on super funds over valuing unlisted assets
The prudential regulator is making sure trustees realise the onus is on them to have robust processes in place to value unlisted assets.
The financial regulator has turned up the heat on the trustees and auditors of the country’s super funds as it escalates its campaign to ensure that more than $650 billion of unlisted assets are correctly priced.
According to super funds, the Australian Prudential Regulation Authority is now holding discussions with fund auditors and trustees and is emphasising the need to ensure there are robust processes in place to value unlisted assets.
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