NAV computation for restricted schemes requires periodic calculation and documented, regularly verified valuation methodology by fund management entities. Regulation 39 requires the Fund Management Entity to compute the net asset value of each restricted scheme at least monthly, with close-ended restricted ... Summary
NAV computation for restricted schemes requires periodic calculation and documented, regularly verified valuation methodology by fund management entities.
Regulation 39 requires the Fund Management Entity to compute the net asset value of each restricted scheme at least monthly, with close-ended restricted schemes subject to at least half-yearly computation. It requires procedures and methodology for calculating net asset value to be fully documented, regularly verified, and amended if required.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.