Article 422-72 into force since 21 December 2013

The prospectus shall describe all fees to be borne by shareholders or by the retail investment fund, including all taxes, specifying the following:

1. For fees of which the cost is borne by shareholders:

   1. The maximum rate of that part of the subscription or redemption fee that does not revert to the retail investment fund;

   2. The rate of that part of the fee that reverts to the retail investment fund and the conditions in which this rate may be reduced.

2. For costs borne by the retail investment fund, the maximum rates for operating costs and management. Where applicable, in addition to the rate itself, the following additional information shall be specified:

   1. The rules governing calculation of turnover commissions;

   2. The rules governing calculation of the share of income from temporary acquisition or transfer of securities that is not assigned to the retail investment fund;

   3. The maximum costs and fee charges that may be borne for collective investments governed by French or foreign law or third country investment funds acquired by the retail investment fund;

   4. The rules governing calculation of variable management fees.

Presentation of the prospectus and the calculation methods for the costs specified in this article shall be detailed in an AMF instruction.