COLL 8.6.6 Charges on Exchange of Units in Umbrella Schemes—QFC Retail Schemes
For a QFC retail scheme that is an umbrella scheme, the operator must not make a charge of more than the amount stated in the latest filed prospectus on an exchange of units in a subscheme for units in another subscheme.
Note Umbrella scheme and subscheme are defined in r 1.2.11. Latest filed prospectus is defined in the glossary.
|Derived from QFCRA RM/2010-05 (as from 1st January 2011)|