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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓Any rounding differences that arise when calculating the price of units, or the number of units, of an ILP sub-fund must be:
Rounding differences arising from the calculation of unit price or unit numbers must be credited to the ILP sub-fund. They cannot be kept by the insurer or manager, ensuring the small gains accrue to the collective pool of policyholders.
Rounding gains belong to the sub-fund itself — not to the insurer, the manager, or individual dealers.
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