PRIV S2.15 Valuation and Pricing

(1) A provision stating that there must be only a single forward price for any unit calculated from time to time by reference to a particular valuation point.
(2) For an open-ended scheme, details about the following:
(a) how frequently, and at what times of the day, the scheme property must be regularly valued to calculate the price at which units in the scheme may be issued or redeemed, and a description of any circumstances in which the scheme property may be specially valued;
(b) how the value of the scheme property must be calculated in relation to each purpose for which it must be valued;
(c) how the price of units in each class must be calculated.
(3) For a closed-ended scheme, details about the following:
(a) how frequently the scheme property must be valued;
(b) the circumstances in which a special valuation of the scheme property may be made;
(c) how the value of the scheme property must be calculated in relation to each purpose for which it must be valued.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)