CIU-1.5.9
Fund administration activities include the following:
(a) Fund accounting (including tax returns) and record keeping services for the CIU ;
(b) Maintain a register of CIU participants unless this role is performed independently by another party;
(c) Preparation of semi-annual and annual accounts for the CIU ;
(d) Preparation of the Quarterly Statistical Report (Form CIU-QS);
(e) Calculation of dividends, service providers’ fees, performance fees (if any) and other distributions;
(f) To ensure that the sale, issue, repurchase, redemption and cancellation of CIU units, their value calculations and income application are carried out in accordance with the requirements of the offering documents and the operator ’s mandate;
(g) Valuation, pricing and calculation of NAV;
(h) Report to the CBB any non-compliance with CIU investment objectives and other terms of the offering documents and relevant regulations of the CBB in relation to the CIU ; and
(i) Handling of client enquiries on matters such as relevant to calculation of NAV and issue and redemption prices.
Added: April 2022