Cost disclosureU.K.
This section has no associated Explanatory Memorandum
30.—(1) Article 25 (cost disclosure) is amended as follows.
(2) In paragraphs 1 and 2, for “ELTIF” substitute “ LTIF ”.
(3) For paragraph 3 substitute—
“3. The FCA may make technical standards to specify the common definitions, calculation methodologies and presentation formats of the costs referred to in paragraph 1 and the overall ratio referred to in paragraph 2.
4. In making the technical standards, the FCA must take into account the technical standards referred to in points (a) and (c) of Article 8(5) of Regulation (EU) No 1286/2014, as amended from time to time.”.
Commencement Information
I1Reg. 30 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)