The Capital Markets (Collective Investment Schemes) Regulations
42. Allocation of costs for umbrella schemes
42. Allocation of costs for umbrella schemes
In so far as any of the collective investment scheme portfolio of an umbrella scheme, or any assets to be received as part of the collective investment scheme portfolio, or any costs, charges or expenses to be paid out of the collective investment scheme portfolio, are not attributable to one sub-fund only, the umbrella scheme shall allocate such assets, costs, charges or expenses between and among the sub-funds in a manner which is fair to the holders of the umbrella scheme generally.Source: Kenya Law