The Capital Markets (Collective Investments Schemes) Regulations, 2023

48. Trustee fees

Edition: 2023-12-15 · In force

48. Trustee fees

(1)The agreement between the fund manager, the trustee and the board of directors, as the case may be, shall make provision on the trustee fees.

(2)The fees shall be disclosed to the holders in each annual report.

(3)The trustee shall have the right to charge fees to the scheme and be reimbursed for expenses in accordance with the terms and conditions of the agreement with the fund manager within the parameters set out in the scheme documents.

Division B — Fund Managers and Directors of Investment Companies

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Source: Kenya Law