The Capital Markets (Alternative Investment Funds) Regulations

19. Valuation

Edition: 2023-12-15 · In force

A fund manager shall—

(a)have a valuation policy, procedures and methodology for valuing assets including discount rates and reference prices where applicable;

(b)notify the Authority and the participants of any changes to the valuation policy;

(c)ensure that the calculation of the net asset value is done at least quarterly and disclosed to the Authority and the participants;

(d)appoint an independent valuer to undertake valuations of the fund’s investments at least annually;

(e)submit the valuation report to the Authority and disclose the report to the participants.