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Corporations (Passport) Rules 2018
53Valuation of passport fund assets
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53 Valuation of passport fund assets
(1) For this section, the valuation entity for a passport fund registered in a participating economy is the entity shown in the following table:
| Item | Home economy for the passport fund | Valuation entity |
|---|---|---|
| 1 | Australia | The operator |
| 2 | Japan | The operator |
| 3 | Korea | The operator |
| 4 | New Zealand | The operator |
| 5 | Singapore | The manager of the collective investment scheme authorised by the Monetary Authority of Singapore under the Securities and Futures Act |
| 6 | Thailand | The operator |
(2) When calculating the value of the assets of the passport fund for pricing, the valuation entity must ensure that the valuation is calculated in accordance with this section. (3) The value of an asset of the passport fund is its market value. (4) The value of a derivative that is not regularly traded on a financial market must not be calculated in a way that relies solely on a valuation provided by the counterparty to the derivative.