ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
18. Records to be maintained by a fund manager
Edition: 2022-12-31 · In force
18. Records to be maintained by a fund manager
(1)A fund manager of a collective investment scheme shall—(a)keep and maintain a record of all minutes, statements of accounts and resolutions in respect of the scheme's investment portfolio;(b)keep or cause to be kept proper books of accounts and records in which shall be entered all transactions effected by the fund manager for the account of the collective investment scheme and permit the trustee or board of directors from time to time on demand to examine and take copies of or extracts from any such books and records;(c)maintain a daily record of shares held by the fund manager, including the type of such shares acquired or disposed of, and of the balance of any acquisitions and disposals; and(d)keep and maintain a daily record of the shares of the scheme which are held, issued, redeemed, exchanged, and the valuation of the collective investment scheme portfolio including particulars given in Regulation 69, required upon completion of a valuation.(2)The fund manager shall make the collective investment scheme's records available for inspection by the trustee, board of directors or the Authority free of charge at times during office hours and shall supply the trustee, board of directors or Authority with a copy of the records or any part of such records on request at no charge.