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Covers payment of the costs associated with production and sales (management, asset management and sales compensation). The fund management must aim to generate adequate profit (equity regulations CISA 32 and CISO 48). Costs must be disclosed in the fund contract (CISA 26 III and CISO 38). Investors (or the investment fund) may not be encumbered with costs when investing in target funds linked with the fund management (CISA 31 IV and VI, CISO 73 IV); this means that no premiums or redemption commission is payable.

Term-Nr.: 555

German: Management Fee (527)

Source: SFO D15 2010 m. e. E., 24.04.2010

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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