ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
64. Redemption price parameters
Edition: 2022-12-31 · In force
64. Redemption price parameters
(1)A fund manager's price for redemption of shares shall not be less than the relevant minimum repurchase price already notified to the trustee.(2)The minimum repurchase price shall not be less than the relevant repurchase price.(3)In case of an umbrella fund, the maximum price at which shares in one constituent part may be exchanged for shares in another such part shall not exceed the relevant maximum issue price (less any preliminary charge) of the new shares; and the minimum price at which the old shares may be taken in exchange shall not be less than the equivalent minimum repurchase price.