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Under reviewCAYMANvaluationregulatory-textVerified 2026-07-28

Private Fund NAV Calculation Rule (2020)

This page presents necessary short excerpts on the NAV Calculation Policy and the operators' ultimate oversight responsibility. Permission to translate or reproduce the full CIMA rule remains to be confirmed, and the site does not mirror the PDF.

Regulatory passage

Rule 5.1 / 第5.1条

SourceCIMA-PF-NAV
English original

A Fund must establish, implement, and maintain a NAV Calculation Policy that ensures a Fund’s NAV is fair, reliable, complete, neutral and free from material error and is verifiable.

Editorial Chinese translation

基金必须制定、实施并维持一项资产净值计算政策，以确保基金的资产净值公允、可靠、完整、中立、不存在重大错误且可予核验。

Regulatory passage

Rule 5.11 / 第5.11条

SourceCIMA-PF-NAV
English original

The Fund’s Operator(s) have ultimate responsibility for oversight of the entire net asset valuation process, and must approve, and review at least annually, the NAV Calculation Policy and any Pricing Models.

Editorial Chinese translation

基金运营人对整个资产净值估值流程的监督承担最终责任，并且必须批准资产净值计算政策及任何定价模型，且至少每年对其进行一次复核。