ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
98. Instructions by fund manager to the trustee and custodian
Edition: 2023-12-15 · In force
98. Instructions by fund manager to the trustee and custodian
(1)Any instruction, notification given or report supplied under this Part by the fund manager to the trustee and custodian—(a)must be recorded by the fund manager, at the time when it is given or supplied;(b)must be sent in a form which enables the trustee or custodian to know or record the time of receipt; and(c)may be communicated in writing.(2)Instructions are given within any period under this Part if they are received by the trustee and or custodian within the period, and instructions received by the trustee or custodian after the expiry of any period are treated as given after that expiry.(3)This regulation also applies, with the necessary modifications, to any notice or notification given by either party.