Net asset value computation requires retail schemes to calculate NAV at prescribed intervals and maintain verified, updated calculation methodologies. Fund Management Entities must compute NAV for retail open-ended schemes daily and for retail close-ended schemes weekly, beginning when investment ... Summary
Net asset value computation requires retail schemes to calculate NAV at prescribed intervals and maintain verified, updated calculation methodologies.
Fund Management Entities must compute NAV for retail open-ended schemes daily and for retail close-ended schemes weekly, beginning when investment activities commence. Investments covered by the second proviso to regulation 46(1) are excluded from this computation. NAV must be calculated in the manner specified by the Authority. The NAV calculation procedure and methodology must be fully documented, regularly verified, and amended as necessary.
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