PRIV 6.2.2 Valuation

(1) For these rules, the value of the scheme property of a scheme is its net asset value.

Note Net asset value is defined in the glossary.
(2) To calculate the price of units in the 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/2010-06 (as from 1st January 2011)