Independent valuation of restricted scheme assets is mandatory, subject to an exemption for qualifying fund of funds investments. Valuation of assets in restricted non-retail schemes requires the fund management entity and fiduciaries to comply with the investment valuation norms in ... Summary
Independent valuation of restricted scheme assets is mandatory, subject to an exemption for qualifying fund of funds investments.
Valuation of assets in restricted non-retail schemes requires the fund management entity and fiduciaries to comply with the investment valuation norms in the Sixth Schedule. Scheme assets must be valued by an independent service provider, such as a fund administrator, custodian, registered credit rating agency, registered valuer, or another person specified by the Authority. This requirement does not apply to qualifying fund of funds schemes whose regulated investee schemes are valued by an independent entity.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.