CHAPTER VIU.K.MERGERS OF UCITS

SECTION 3U.K.Costs and entry into effect

Article 46U.K.

Except in cases where UCITS have not designated a management company, Member States shall ensure that any legal, advisory or administrative costs associated with the preparation and the completion of the merger shall not be charged to the merging or the receiving UCITS, or to any of their unit-holders.