Financial Markets Conduct Regulations 2014

39 Whether fees can be changed

(1)

The PDS must contain the subheading The fees can be changed or the subheading The fees cannot be changed.

(2)

The PDS must—

(a)

state whether and, if so, how the fees or charges payable by an investor in respect of each fund may change; and

(b)

include a statement in the following form:

[Name of manager] must publish a fund update for each fund showing the fees actually charged during the most recent year. Fund updates, including past updates, are available at [specify Internet site address].”