17. When is there sufficient transparency regarding costs?

Participation in the moratorium means that the distributor provides information in the marketing materials about all costs included in the subscription price or charged over and above the subscription price. Stating the costs in the prospectus does not fulfil this condition.

By 'costs included in the subscription price', we mean the (maximum) difference between the subscription price and the part of the subscription price that is used for the (acquisition) of the savings and derivative component of the product.

For the moment, the cost transparency provided for in the moratorium can alternatively be fulfilled, regardless of the structured product's legal form, by complying with the relevant provisions of the KII Regulation.