Action to be taken as regards compensation for incorrect pricing.
32. Where the price of any Unit of a Fund is found to be incorrect by less than 0.5% compensation to Unitholders will not normally be required, unless the oversight arrangement decides otherwise.
33. Where the dealing price of any Unit of a Fund is found to be incorrect by 0.5% or more of the price of a Unit of a Fund, compensation to Unitholders will normally be required. If, exceptionally, the Trustee or the Persons providing the oversight function consider that compensation is inappropriate, he will need to report the matter to the Regulator, together with his recommendation and justification.
|Amended on (3 February, 2020).|