ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
50. Determination of selling and re-purchase price
Edition: 2022-12-31 · In force
50. Determination of selling and re-purchase price
(1)The selling price and repurchase price quoted by the fund manager shall be based on the net asset and value of the fund in this respect, the value of an investment in securities listed and quoted on the securities exchange shall be the value based on the last done market price which is the last transacted price of the securities.(2)In the event of a suspension in the quotation of securities for a period exceeding fourteen days, or such shorter period as determined by the trustee, the value of such securities shall be based on other methods such as the net tangible assets of the issuer of the securities and the nominal value of the securities.(3)With respect to unlisted securities, the valuation shall be based on methods that are fair and reasonable and that are acceptable to the fund manager and approved by the trustee.