The Capital Markets (Collective Investment Schemes) Regulations
55. Determination of repurchase price
55. Determination of repurchase price
The repurchase price quoted by the fund manager shall be the net asset value of the fund. However, if the determination of the repurchase price is computed on a different basis, the repurchase price so computed and quoted by the fund manager shall not be less than the net asset value of the fund and no deductions, other than deductions for incidental expenses such as stamp duty shall be made from the computed repurchase price.Source: Kenya Law