ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
162. Accounting and reports during winding up
Edition: 2023-12-15 · In force
162. Accounting and reports during winding up
(1)Subject to any order of the High Court, and to subregulation (2) while a scheme is being wound up, whether under regulation 159 or otherwise—(a)the annual and half-yearly accounting periods shall continue to run;(b)the quarterly report of assets under management shall continue to be submitted to the Authority;(c)the provisions about annual and interim allocation of income shall continue to apply; and(d)annual and half-yearly reports shall continue to be required.(2)At the conclusion of the winding up, the accounting period then running shall be regarded as the final annual accounting period, and the annual reports of the fund manager and trustee or custodian in respect of that final period, shall be published and sent to each person who was a participant immediately before the end of the final accounting period within two months after the end of the period.