The Capital Markets (Collective Investment Schemes) Regulations

69. Notification of price to the trustee or custodian

Edition: 2022-12-31 · In force

69. Notification of price to the trustee or custodian

(1)Forthwith upon completion of a valuation the fund manager shall notify the custodian or the trustee, as the case may be, of—

(a)the creation price;

(b)the repurchase price;

(c)the maximum issue price;

(d)the minimum repurchase price; together, in the case of an umbrella fund; and

(e)the maximum issue price for shares in any part on an exchange of shares.

(2)The prices to be notified under subregulation (1) are those relevant to deals based on prices determined at that valuation day.

(3)Any notification under paragraph (1) shall include a statement of the number of shares owned by the trustee or fund manager as the case may be, for the scheme at that valuation day or notified point if there is one.

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Source: Kenya Law