Licensee's adoption of an approved valuation policy.

CFR · 2024-01-01 · US · Title 13

(a) (b) (1) Adopt without change the model valuation policy set forth in section III of the Valuation Guidelines for SBICs; or (2) Obtain SBA's prior written approval of an alternative valuation policy. If you are or applying to be a Non-leveraged Licensee, SBA will generally approve a valuation policy that meets GAAP. (c) (d) (2) Otherwise, you must value your Loans and Investments only at your fiscal year end. (3) On a case-by-case basis, SBA may require you to perform valuations more frequently. (4) You must report material adverse changes in valuations at least quarterly, within forty-five days following the close of the quarter. (e) (2) The independent public accountant's report on your audited annual financial statements (SBA Form 468) must include a statement that your valuations were prepared in accordance with your approved valuation policy established in accordance with section 310(d)(2) of the Act.

official document · source cfr-2024 · id 13:§ 107.503