(55)Under this Directive, unit-holders should be protected from being charged unjustified additional costs by a prohibition against master UCITS charging feeder UCITS subscription and redemption fees. The master UCITS should, however, be able to charge subscription or redemption fees to other investors in the master UCITS.
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New version applies from 17/09/2014 — introduced by Undertakings for Collective Investment in Transferable Securities Directive.
147 provisions change.
Later versions: 01/01/2019, 07/01/2020, 26/06/2021, 02/08/2021, 01/01/2023, 09/01/2024, 17/01/2025, 16/04/2026.
Recital 55 changes in this version: compare with the current text.