The amendments streamline the appointment and functioning of registered valuers. Under revised Regulation 38, the resolution professional must appoint a set of registered valuers within three days of his appointment, unless the committee decides to appoint two sets with recorded reasons. It also disqualifies related parties, recent auditors, partners or directors linked to the insolvency professional entity, and relatives of such persons from acting as valuers. Regulation 39 clarifies the methodology for determining fair value and liquidation value, including averaging mechanisms where two sets of valuers are appointed.