Home / CY AIF Law of 2018 / PART IV LISTED AIFs / [105] Asset value, price of units and relevant matters.

105. Asset value, price of units and relevant matters.

(1) The AIF shall ensure that throughout the trading of its units, its net asset value, the price of its units, the composition of its assets, the number of units issued, the number of units redeemed, the total number of units of the traded AIF, as well as the indicative price of traded AIF units, shall be calculated and published taking into consideration the special provisions of the legislation and the rules governing the relevant secondary market.

(2)(a) The iNAV of the traded AIF and the indicative price of the traded AIF units shall be calculated in the currency in which the price of units listed in the secondary market is published.

(b) The AIF shall communicate to the unitholders of traded AIF units, following a relevant request and without prejudice to a relevant provision of the legislation and the rules governing the secondary market in which the AIF units are listed for trading, the method for the calculation of the indicative Net Asset Value of the AIF and the indicative price of AIF units, as well as any parameters taken into consideration for this calculation.

(c) When it is impossible for an AIF to calculate its net asset value or the price of its units and its indicative Net Asset Value or indicative price of AIF units, due to a technical or other problem, it shall notify the Securities and Exchange Commission and the unitholders of traded AIF units of this, in such a way as to be able to obtain knowledge immediately and take all necessary steps to resolve the problem.