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PART 2U.K.RESTRICTIONS ON CHARGES

[F1CHAPTER  2U.K.RESTRICTIONS ON EARLY EXIT CHARGES

Relevant informationU.K.

13E.(1) A service provider must confirm in writing to the trustees or managers of a relevant scheme that it is complying with the restrictions in regulations 13B and 13C within 1 month beginning with whichever is the later of—

(a)1st October 2017; or

(b)the date on which the service provider becomes a service provider in relation to the relevant scheme.

(2) The service provider must inform the trustees or managers of the relevant scheme in writing if the confirmation that it has given in compliance with paragraph (1) is no longer accurate as soon as practicable, and in any event within 1 month, beginning with the date on which that confirmation is no longer accurate.]