ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
85. Allocation of participatory interests
Edition: 2023-12-15 · In force
85. Allocation of participatory interests
(1)Where a fund manager is required to issue new participatory interests, the fund manager shall create the participatory interests subject to approval by the trustee.(2)The participatory interests shall be created within twenty- four (24) hours from the time the obligation arose.