COLL 8.2.7 Valuation Requirement——QFC Retail Schemes

To calculate the price of units in a QFC retail scheme, the operator must conduct a fair and accurate valuation of all scheme property, on a forward price basis, in accordance with—

(a) these rules; and
(b) the constitutional document and latest filed prospectus.

Note Constitutional document is defined in r 3.1.1. Forward price and latest filed prospectus are defined in the glossary.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)