ANNEX II
Determination of the maximum percentage referred to in Article 18(2), first subparagraph, point (d), of Regulation (EU) 2015/760 as a function of the redemption frequency and the minimum percentage of assets referred to in Article 9(1), point (b) of that Regulation
Redemption frequency | Minimum percentage of assets referred to in Article 9(1), point (b) | Maximum percentage referred to in Article 18(2), first subparagraph, point (d) |
12 months, and less frequent | 10 % | 100 % |
6 months | 15 % | 67 % |
3 months | 20 % | 50 % |
1 month or more frequent | 25 % | 20 %, applied on a monthly aggregate basis |