Regulatory Alerts2019-12-05
FSCA Communication 2 of 2019 on CIS Administration Delegation and Net Asset Valuation
The Financial Sector Conduct Authority (FSCA) submitted draft Conduct Standards to Parliament on 13 November 2019 to regulate collective investment scheme administration delegation and net asset valuation. The Delegation Standard mandates specific requirements for CIS managers delegating administrative functions, while the Net Asset Valuation Standard standardizes calculation and pricing methodologies for scheme portfolios. These drafts, supported by consultation reports and explanatory statements, are publicly accessible on the FSCA website for stakeholder review.
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