ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
124. Accounting periods and allocation of income
Edition: 2023-12-15 · In force
124. Accounting periods and allocation of income
(1)Every collective investment scheme shall have an annual accounting period ending the last day of December in each year, but the fund manager shall publish and submit to the Authority an un-audited interim report for the half-year period ending on the last day of June in each year within two months from the end of that month and audited financial statements within three months from the end of the accounting period.(2)A collective investment scheme constituted as a body corporate must have an annual income allocation date, which is the date in any year stated in the most recently published information or placement memorandum as the date on or before which an allocation of income is to be made in respect of each annual accounting period.(3)The annual income allocation date must be a date within two months after the relevant accounting reference date.