Multiple choice

Valuation norms for non-traded securities should be disclosed

  1. at the end of every financial year

  2. every quarter

  3. in the offer document at the time of launch of the scheme

  4. should not be disclosed, being confidential information
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Valuation norms for non-traded securities (which don't have readily available market prices) must be disclosed in the offer document at the time of the scheme's launch. This informs investors about how illiquid or hard-to-value securities will be valued, which is crucial for transparency. Disclosure happens at launch, not annually or quarterly.

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