ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
74. Annual allocation to accumulation shares
Edition: 2022-12-31 · In force
74. Annual allocation to accumulation shares
(1)The amount of income allocated to accumulation shares shall with effect from the end of the allocation to annual accounting period, become part of the capital of accumulation the collective investment scheme portfolio and the interests of the holders in the amount shall be satisfied by an adjustment as at the end of the period, in the proportion of the value of the collective investment scheme portfolio to which the price of a share of the relevant class is related.(2)The adjustments under subregulation (1) shall be such as will ensure that the price of an accumulation share of the relevant class remains unchanged notwithstanding the transfer of the income to the capital of the collective investment scheme portfolio.