The Capital Markets (Collective Investment Schemes) Regulations
53. Valuation point for repurchase price
53. Valuation point for repurchase price
The value of the fund to be used in determining the repurchase price quoted by the fund manager and the price payable by a trustee of a collective investment scheme on the redemption of units shall be the net asset value at the end of the business day on which the written request to repurchase and redeem is received by the fund manager and the trustee respectively.Source: Kenya Law