ADVOKS GLOBAL · KENYA
The Capital Markets (Alternative Investment Funds) Regulations
20. Maintenance and transfer of record
Edition: 2023-12-15 · In force
20. Maintenance and transfer of record
(1)The fund manager shall maintain records describing—(a)the assets under management of the fund;(b)valuation policies and practices;(c)decisions of the investments committee and investment strategies;(d)particulars of participants and their contribution;(e)rationale for investments made.(2)The records under subregulation (1) shall be maintained for a minimum period of seven years after the winding up of the fund.(3)The Authority may, in the interest of the investors, issue directions with regard to the transfer of records, documents or securities or disposal of investments relating to the activities as an alternative investment fund.(4)The Authority may, in order to protect the interests of the participants, appoint any person to take charge of records, documents, securities and for this purpose, also determine the terms and conditions of such an appointment.