The Capital Markets (Collective Investment Schemes) Regulations
32. Remuneration of trustee
32. Remuneration of trustee
The agreement between the fund manager, the trustee and the board of directors, as the case may be, shall make provision on the computation of the fee in respect of the trustee's services which will be disclosed to the holders in the annual report each year and the trustee shall in addition to such remuneration be entitled to be repaid by the fund manager on demand the amount of all its disbursements other than disbursements expressly required or authorised to be paid out of the collective investment scheme portfolio.CUSTODIAN
Source: Kenya Law