The Capital Markets (Collective Investment Schemes) Regulations
52. Valuation point for selling price
52. Valuation point for selling price
The value of the fund to be used in determining the selling price quoted by the fund manager and the price payable by the fund manager to the trustee on creation of additional shares shall be the net asset value at the end of the business day immediately preceding the business day on which the written request to buy and create shares is received by the fund manager and the trustee respectively.Source: Kenya Law