The Capital Markets (Collective Investment Schemes) Regulations

63. Issue price parameters

Edition: 2022-12-31 · In force

63. Issue price parameters

(1)The fund manager's price for issue of shares shall not exceed the maximum issue price, that is, a price fixed by the fund manager and notified to the custodian or the trustee: and that maximum issue price itself must not exceed the total of—

(a)the relevant creation price, and

(b)the current initial charge.

(2)In the case of an initial offer, the fund manager's price for issue of shares shall not exceed the initial price.

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Source: Kenya Law