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Securities Markets Regulations, 2015 · s 96
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Securities Markets Regulations, 2015 · s 96
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
An operator of a collective investment scheme must take all reasonable steps and exercise due diligence, to ensure that the units in the collective investment scheme are correctly priced in accordance with the accounting procedures of the International Financial Reporting Standards or the Accounting and Auditing Organis~tion for Islamic Financial Institutions or such other international standards as may be determined by the Authority to ascertain an accurate single price for a unit.
(2}
The price of a unit must be calculated on the basis of the valuation in a manner that is fair and reasonable as between unit holders.
Rectification of incorrect pricing.