Cost of acquisition adjusted for units transferred to segregated portfolios, with original unit cost deemed reduced accordingly. The amendment prescribes that the cost of acquisition for units in a segregated portfolio equals the proportion of the total-portfolio unit cost corresponding to the net asset value of the assets transferred relative to the total portfolio immediately before segregation, and that the cost of original units in the main portfolio is deemed reduced by that allocated amount; portfolio terms are defined by the referenced regulatory circular.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cost of acquisition adjusted for units transferred to segregated portfolios, with original unit cost deemed reduced accordingly.
The amendment prescribes that the cost of acquisition for units in a segregated portfolio equals the proportion of the total-portfolio unit cost corresponding to the net asset value of the assets transferred relative to the total portfolio immediately before segregation, and that the cost of original units in the main portfolio is deemed reduced by that allocated amount; portfolio terms are defined by the referenced regulatory circular.
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