Net asset value computation requires annual valuation of Venture Capital Schemes, supported by documented and regularly reviewed methodology. The Fund Management Entity must compute the NAV of each Venture Capital Scheme at least annually from the financial year in which investment activities ... Summary
Net asset value computation requires annual valuation of Venture Capital Schemes, supported by documented and regularly reviewed methodology.
The Fund Management Entity must compute the NAV of each Venture Capital Scheme at least annually from the financial year in which investment activities commence, excluding investments made under the second proviso to regulation 22(1). NAV calculation procedures and methodology must be fully documented, regularly verified, and amended where required.
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