Section 124
of Securities Markets Regulations, 2015
Subsidiary LegislationIn forceProvision 124 of 199
Section 124
(i)
the actual amount or rate of the remuneration together with the current maximum or how these are determined;
(ii)
the periods in respect of which the remuneration is to be paid;
(iii)
how the remuneration is to accrue;
(iv)
when the remuneration is to be paid; and
(b)
reimbursement of expenses properly incurred by the trustee, custodian or other persons providing oversight functions.
(2)
Payment under sub-regulation l{a} must not be made unless permitted by the constitution and specified in the prospectus.
Promotional payments, performance fees and set up costs.