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Art. 32 – Valuation

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Art. 32

Valuation

1

Derivatives for which market prices are available shall be valued at the current prices paid on the main market. Prices are to be obtained from an external source specialising in this type of transaction and which operates independently of the fund management company or SICAV and its agents.

2

If no current market price is available for derivatives, it must be possible to determine the price at any time using appropriate valuation models that are recognised in practice, based on the market value of the underlyings. Valuations are to be documented clearly.

Legal act context
SR 951.312 · CISO-FINMA · Ordinance · Consolidation: 951.312 - 2021-01-01
Structure path
Title 1 Collective Investment Schemes Chapter 1 Securities Funds Section 3 Derivative Financial Instruments
Language
English (en)
Data status
2021-01-01

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