COLL 8.2.4 Prices of Units—QFC Qualified Investor Schemes

(1) The price of the unit at a valuation point must be calculated by the operator—
(a) on the basis of the valuation under rule 8.2.3 (2) at the valuation point; and
(b) in a way that is fair and reasonable as between unitholders; and
(c) in a way that is otherwise in accordance with the constitutional document and latest filed prospectus.

Note Constitutional document is defined in r 3.1.1. Valuation point and latest filed prospectus are defined in the glossary.
(2) The operator must publish in an appropriate way the price of each class of unit in the scheme, based on each valuation under rule 8.2.3 (2).

Note Price and class are defined in the glossary.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)