Valuation Policy. The Management Company will ensure that appropriate and consistent procedures are in place so that a proper and independent valuation of the assets of each Sub-Fund can be performed in accordance with the provisions of the UCITS Act, the UCITS Ordinance and this Unit Trust Agreement. The Management Company is responsible for ensuring that the Net Asset Value and Net Asset Value per Unit are calculated and published or otherwise made available to Unitholders. The procedures and methodology for calculating the Net Asset Value per Unit are summarized below. As part of its controlling function, the Management Company shall regularly verify and update, as necessary, the calculation procedures and methodologies. The assets and liabilities of each Sub-Fund will be valued in accordance with the valuation policy of the Management Company consistent with the provisions outlined below. The valuation policy of the Management Company covers, but is not limited to, the following items:
Appears in 8 contracts
Samples: Unit Trust Agreement, Unit Trust Agreement, Unit Trust Agreement
