Regulatory Alerts2021-11-10
CIS.S.4.10 – Permissible Deductions from a Portfolio
The regulator issued CIS.S.4.10 to define the specific fees, expenses, and charges that investment funds may legally deduct from their portfolios. This provision mandates that all deductions must be reasonable, properly authorized, and directly tied to fund operations or third-party services. Fund managers must accurately document these costs and apply them consistently when calculating net asset values and reporting financial performance.
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Create Date November 10, 2021
Last Updated October 28, 2024
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