The Capital Markets (Collective Investment Schemes) Regulations

56. Calculation of net asset value per share

Edition: 2022-12-31 · In force

56. Calculation of net asset value per share

(1)The formula to be adopted to determine the value of the fund per share is to divide the value of the assets of the fund less its liabilities (including such provisions and allowances for contingencies as the fund manager may think appropriate) by the number of shares issued and fully paid.

(2)The net asset value of the fund and the net asset value per share shall be calculated by the fund manager as at the end of each business day.

(3)Liabilities shall include the amount of any accrued fees and expenses at the relevant valuation date of the fund.

(4)The number of units in issue shall be those units that are issued and fully paid.

REDEMPTION AND CANCELLATION OF SHARES

← Previous provision Next provision →

Source: Kenya Law