For OEICs, who prices the daily NAV?

Prepare for the CISI Level 3 Exam with our comprehensive study tools. Utilize flashcards and multiple choice questions, each with hints and explanations. Achieve success on your exam!

Multiple Choice

For OEICs, who prices the daily NAV?

Explanation:
The daily NAV for OEICs is set by the Authorised Corporate Director. The ACD has overall responsibility for the fund’s operations, including pricing and dealing, and must ensure the NAV is calculated correctly in line with the fund’s valuation policy. While the ACD may delegate the actual calculation to a fund administrator, the ultimate responsibility for the NAV lies with the ACD. The depositary safeguards assets and monitors cash, the auditor checks the NAV after the fact, and the trustee role in OEICs isn’t the entity that sets the price.

The daily NAV for OEICs is set by the Authorised Corporate Director. The ACD has overall responsibility for the fund’s operations, including pricing and dealing, and must ensure the NAV is calculated correctly in line with the fund’s valuation policy. While the ACD may delegate the actual calculation to a fund administrator, the ultimate responsibility for the NAV lies with the ACD. The depositary safeguards assets and monitors cash, the auditor checks the NAV after the fact, and the trustee role in OEICs isn’t the entity that sets the price.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy