ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
97. Notification of prices to the trustee
Edition: 2023-12-15 · In force
97. Notification of prices to the trustee
(1)By the close of business of the trustee on the dealing day, the fund manager shall notify the trustee of—(b)the cancellation price;(e)in the case of an umbrella fund, the issue price for participatory interests in any part on an exchange of participatory interests.(2)The prices to be notified under subregulation (1) are those relevant to deals based on prices determined at that valuation point.(3)Any notification under subregulation (1) shall include a statement of the number of participatory interests owned by the fund manager at that valuation point.