Sub-paragraph 4: Management and marketing fees and commissions borne by subscribers of units in mutual funds mentioned in 1 of VI, VI bis and VI ter of article 199 terdecies-0 A of the French General Tax Code and in 1 of III of article 885-0 Va of the same 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…