Book II: Products

The key investor information document contains the following information: 1° A table containing the following information: a) The rows show the aggregate categories mentioned in Article D. 214-80-1, followed by the total of these categories; b) The columns show the following rates: i) Maximum average annual management and distribution fee, calculated over the period referred to in 3° of Article D. 214-80 ; ii) Maximum average annual distributor fee, calculated…

The regulations of the funds referred to in 1 of VI, VI bis and VI ter of article 199 terdecies-0 A of the General Tax Code and in 1 of III of article 885-0 Va of the same code contain the following information: 1° A table containing the following information: a) In rows, the aggregate categories mentioned in article D. 214-80-1. These categories are subdivided, line by line, by type…

The funds referred to in Article D. 214-80 shall send subscribers an information letter within the same timeframe as that applicable to the annual report. This letter shall present, for each fund and, where there are earlier vintages of these funds, for each earlier vintage, and for each year of subscription since the fund was created, one or more tables showing the following values: 1° In rows, the following information,…

The following information, presented in tabular form, is mentioned in the management report of the funds referred to in Article D. 214-80: 1° In lines, the following information: a) A reminder of the maximum average annual management and distribution fee referred to in 5° of I of Article D. 214-80-2 ; b) The average annual expense ratio actually recorded, presented line by line for each financial year since the financial…

An order of the Minister for the Economy defines the presentation format and specifies the calculation methods for the items mentioned in articles D. 214-80 to D. 214-80-6.

If the funds referred to in article D. 214-80 are marketed by several distributors, the information on marketing and distribution costs given in the key investor information document, the fund rules, the annual information letter and the annual report may be given in the form of ranges, the limits of which are the values corresponding to the distributors charging the lowest and highest levels of costs respectively. The values shown…

Any breach of the provisions of articles D. 214-80 to D. 214-80-8 is subject to the penalties provided for in the sixth paragraph of article 1763 C of the General Tax Code.

The amount of the fees and commissions mentioned in the second paragraph of VII of article 885-0 V bis of the General Tax Code charged in respect of the same payment mentioned in 1 to 3 of I or 1 of III of the same article may not exceed one of the following ceilings expressed as a percentage of the payment: a) 30% in total over the duration of the…