COB 12.3.5

The Operator of a Scheme must ensure that fees or charges payable by Members of the Scheme:
(a) represent good value for the Members of the Scheme;
(b) can be demonstrated by the Operator to be reasonable, taking into account the fees and charges of similar schemes in comparable jurisdictions;
(c) do not exceed any ceiling specified in the Constitution or any applicable laws;
(d) are expressly permitted under the terms of the Constitution or applicable laws or agreements;
(e) are communicated clearly to the Members of the Scheme at the time of joining the scheme and in the event of any subsequent change; and
(f) are not materially increased, unless the DFSA has given its prior written consent to such an increase.
Derived from DFSA RMI261/2019 (Made 18th December 2019). [VER35/01-20]