Payment of retrocessions and rebates. The investment fund respectively the fund management company and its agent may pay retrocessions as remuneration for offering activity in respect of the investment fund units in or from Switzerland. This remuneration may be deemed payment for the following services in particular: • Offering activity Retrocessions are not deemed to be rebates even if they are ultimately passed on, in full or in part, to the investors. The recipients of the retrocessions must ensure transparent disclosure and inform investors, unsolicited and free of charge, about the amount of remuneration they may receive for distribution. On request, the recipients of retrocessions must disclose the amounts they actually receive for offering the investment fund of the investor concerned. In the case of offering activities in or from Switzerland, the investment fund respectively the fund management company and its agents, may upon request, pay rebates directly to investors. The purpose of rebates is to reduce the fees or costs incurred by the investors in question. Rebates are permitted provided that: • they are paid from fees received by the investment fund respectively the fund management company and therefore do not represent an additional charge on the fund assets; • they are granted on the basis of objective criteria; • all investors who meet these objective criteria and demand rebates are also granted these within the same timeframe and to the same extent. The objective criteria for the granting of rebates by the investment fund respectively the fund management company are as follows: • the volume subscribed by the investor or the total volume they hold in the investment fund or, where applicable, in the product range of the promoter; • the amount of the fees generated by the investor; • the investment behaviour shown by the investor (e.g. expected investment period); • the investor’s willingness to provide support in the launch phase of the investment fund.
Payment of retrocessions and rebates. The investment fund respectively the fund management company and its agent may pay retrocessions as remuneration for offering activities in re- spect of the investment fund units in or from Switzerland. This remunera- tion may be deemed payment for the following services in particular: - Any offering of the fund within the meaning of Article 3 letter g FinSA and Article 3 paragraph 5 FinSO.Retrocessions are not deemed to be rebates even if they are ultimately passed on, in full or in part, to the investors. The recipients of the retrocessions must ensure transparent disclosure and in- form investors, unsolicited and free of charge, about the amount of remu- neration they may receive for offering. On request, the recipients of retro- cessions must disclose the amounts they actually receive for offering the investment fund of the investor concerned. In the case of offering activities in or from Switzerland, the investment fund respectively the fund management company and its agents, may upon re- quest, pay rebates directly to investors. The purpose of rebates is to re- duce the fees or costs incurred by the investors in question. Rebates are permitted provided that: − they are paid from fees received by the investment fund respectively the fund management company and therefore do not represent an additional charge on the fund assets; − they are granted on the basis of objective criteria; − all investors who meet these objective criteria and demand rebates are also granted these within the same timeframe and to the same extent. The objective criteria for the granting of rebates by the investment fund respectively the fund management company are as follows: − the volume subscribed by the investor or the total volume they hold in the investment fund or, where applicable, in the product range of the promoter; − the amount of the fees generated by the investor; − the investment behaviour shown by the investor (e.g. expected invest- ment period); − the investor’s willingness to provide support in the launch phase of the investment fund. At the request of the investor, the investment fund respectively the fund management company must disclose the amounts of such rebates free of charge. In respect of offering in or from Switzerland, the investment fund respectively the fund management company and its agents do not pay any rebates to reduce the fees or costs incurred by the investor and charged to the fund.
Payment of retrocessions and rebates. The investment fund respectively the fund management company and its agent may pay retrocessions as remuneration for distribution activity in respect of the investment fund units in or from Switzerland. This remuneration may be deemed payment for the following services in particular: • Sales Activity Retrocessions are not deemed to be rebates even if they are ultimately passed on, in full or in part, to the investors. The recipients of the retrocessions must ensure transparent disclosure and inform investors, unsolicited and free of charge, about the amount of remuneration they may receive for distribution. On request, the recipients of retrocessions must disclose the amounts they actually receive for distributing the investment fund of the investor concerned. In the case of distribution activity in or from Switzerland, the investment fund respectively the fund management company and its agents, may upon request, pay rebates directly to investors. The purpose of rebates is to reduce the fees or costs incurred by the investors in question. Rebates are permitted provided that: • they are paid from fees received by the investment fund respectively the fund management company and therefore do not represent an additional charge on the fund assets; • they are granted on the basis of objective criteria; • all investors who meet these objective criteria and demand rebates are also granted these within the same timeframe and to the same extent. The objective criteria for the granting of rebates by the investment fund respectively the fund management company are as follows: • the volume subscribed by the investor or the total volume they hold in the investment fund or, where applicable, in the product range of the promoter; • the amount of the fees generated by the investor; • the investment behaviour shown by the investor (e.g. expected investment period); • the investor’s willingness to provide support in the launch phase of the investment fund. At the request of the investor, the investment fund respectively the fund management company must disclose the amounts of such rebates free of charge. In respect of distribution in or from Switzerland, the investment fund respectively the fund management company and its agents do not pay any rebates to reduce the fees or costs incurred by the investor and charged to the fund.
