Using the assets to assess the net worth of a veteran's estate is problematic because it restricts a veteran's access to the program.

6 (1) Where, in the calendar year for which remission is claimed, the net factory value of blouses and shirts and coordinated apparel manufactured in Canada by a blouse and shirt manufacturer or a coordinated apparel manufacturer is less than the average net factory value of blouses and shirts and coordinated apparel manufactured in Canada by the blouse and shirt manufacturer or the coordinated apparel manufacturer in the three calendar years immediately preceding that calendar year, the net factory value used to calculate the remission for the following calendar year under s ...[+++]ection 4 or 5 shall be reduced by 2.5 per cent for every 1 per cent or portion thereof of the decrease in net factory value.

Market timers take advantage of out of date or stale prices for portfolio securities that impact the calculation of AIF’s net asset value (NAV) or buy and redeem units of the AIF within a few days, thereby exploiting the way the AIF calculates its NAV. Late trading involves placing of orders to buy or redeem units of AIFs after a designated cut off point but the price received is the one of the cut off point.

The percentage of the AIF’s assets which are subject to special arrangements as defined in Article 1(5) shall be calculated as the net value of those assets subject to special arrangements divided by the net asset value of the AIF concerned.

(iii)any increase in price, including the net cumulative value of successive modifications, does not exceed 50 % of the initial contract value.

As regards master-feeder structures, the Commission should be empowered to adopt measures designed to specify the content of the agreement between master and feeder UCITS or of the internal conduct of business rules, the content of the information-sharing agreement between either their depositaries or their auditors, the definition of measures appropriate to coordinate the timing of their net asset value calculation and publication in order to avoid market timing, the impact of the merger of the master on the authorisation of the feed ...[+++]er, the type of irregularities originating from the master to be reported to the feeder, the format and the way to provide information to unit-holders in case of conversion from a UCITS to a feeder UCITS, the procedure for valuing and auditing the transfer of assets from a feeder to a master, and the role of the depositary of the feeder in this process.