COB 12.3.10

The Operator of a Scheme must:

(a) enter into an agreement with each person who is responsible for an investment option (investment manager) to be offered on the Investment Platform, that sets out:
(i) the criteria to be met by the investment manager;
(ii) a requirement for the investment manager to ensure that its fees and charges are reasonable, taking into account the fees and charges of similar investments;
(iii) the obligation of the investment manager to provide information relating to the investment options which Members are to use when making their investment options;
(iv) the circumstances in which an investment option is to be removed from the Investment Platform and the procedures that apply to the removal; and
(v) the measures to protect the interests of Members on the removal of an investment option from the Investment Platform;
(b) make available to Members and prospective members of the Scheme, information relating to each investment option offered on the Investment Platform; and
(c) provide Members with a facility to switch, free of charge at specified intervals, between investment options offered on the Investment Platform.
Derived from DFSA RMI261/2019 (Made 18th December 2019). [VER35/01-20]