ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
119. Charges
Edition: 2023-12-15 · In force
119. Charges
(1)A fund manager shall develop policies and procedures which govern the levying of fees, charges and expenses in accordance with the methodology set out in the incorporation documents.(2)The policies and procedures in subregulation (1) shall be approved by the trustee or the board of directors prior to implementation.(3)The fund manager of a collective investment scheme shall disclose its historical fees at least for the last twenty-four months where applicable.(4)The fund manager shall disclose the current fee schedule and the calculation methodology in the incorporation documents to current and prospective participants including all performance-based fees and expenses.