Entire Section

  • CIR 8.5 CIR 8.5 Determination of Single Price

    • CIR 8.5.1

      (1) A Fund Manager must take all reasonable steps and exercise due diligence to ensure that the Units in the Fund are correctly priced in accordance with the applicable accounting procedures 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 CIR Rule 8.4.1 in a manner that is fair and reasonable as between Unitholders.
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]

    • CIR 8.5.2

      (1) A Fund Manager must take immediate action to rectify any breach of CIR Rule 8.4.1 where such breach relates to the incorrect pricing of Units.
      (2) In (1), unless the incorrect pricing in respect of an issue is of minimal significance, the Fund Manager must inform the DFSA, and if appointed, the Trustee or Eligible Custodian or other Persons providing oversight functions in relation to the Fund, of such a rectification.
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]