COLL S4.19 Redemption Charges

If relevant—

(a) a statement authorising the operator to deduct a redemption charge out of the proceeds of redemption; and
(b) if the operator makes a redemption charge—
(i) the current amount of the charge or, if it is variable, the rate or method of calculating it; and
(ii) if the amount, rate or method has been changed—that details of any previous amount, rate or method may be obtained from the operator on request; and
(iii) the order in which the units acquired at different times by a unitholder are taken to be redeemed for the imposition of the redemption charge.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)