(1) The valuation of assets and the calculation of the net asset value per unit or share must be carried out at least once a year. The valuation and calculation must, in addition, also be carried out where the company capital of the AIF is increased or reduced.
(2) The criteria for calculating the net asset value per unit or share, and for determining the frequency of the calculation, are determined by Articles 67 to 73 of Delegated Regulation (EU) No 231/2013.
(3) The valuations of assets and the calculations of the net asset value per unit or share must be disclosed to investors in accordance with the relevant investment conditions. Disclosure must take place after every valuation of assets and calculation of the net asset value per unit or share.
Subdivision 2
Closed-Ended Master-Feeder Structures