The Capital Markets (Collective Investment Schemes) Regulations

70. Publication of price

Edition: 2022-12-31 · In force

70. Publication of price

(1)The fund manager shall publish on the business day following any valuation, the repurchase price of those shares and the maximum selling price and if there is one, the current initial charge and redemption charge if any which shall be the relevant prices last notified to the trustee or custodian under Regulation 69.

(2)Publication required by subregulation (1) shall not be in less than two daily newspapers of national circulation published in the English language.

(3)During the period of the initial offer, the fund manager shall not agree to issue shares of the scheme at a price other than the initial price.

VALUATION

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Source: Kenya Law