ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
60. Dealing
Edition: 2022-12-31 · In force
60. Dealing
(1)Every collective investment scheme shall stipulate in the information memorandum the days when dealings in its shares shall be computed.(2)In the event of a scheme not dealing on a daily basis, there shall be at least one regular dealing day every two weeks.(3)Suspension in dealings may be provided for only in exceptional circumstances having regard to the interest of all the holders.(4)The fund manager shall immediately notify the Authority if dealing has been cancelled or suspended and the fact of the cancellation shall be published immediately following such decision and at least once every week during the period of suspension, in the newspaper in which the scheme's prices are normally published.