Regulatory Alerts2021-11-10
Meaning of Net Asset Value (CIS.S.4.11)
The regulator issued this rule to standardize the calculation and reporting of Net Asset Value for collective investment schemes. It requires fund managers to apply a consistent valuation methodology across all portfolio holdings, ensuring accurate daily pricing for investors. The updated guidance clarifies treatment of illiquid assets and foreign currency exposures, thereby reducing compliance ambiguity for fund operators.
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