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The withdrawal of the entry-load, which constituted a good part of the commissions passed on to the distributors, was one of the other factors leading to a sudden change in the distribution space. Generally, it is more expensive for a distributor to reach out to a retail investor than to a corporate investor. While an average retail investor folio has about 35,000 INR of assets, an average corporate investor folio has 59 lakh INR of assets. Hence, a distributor will need to reach around 170 retail investors to get the same AuM as a single corporate folio, which acts as a. | Collective Investment Funds Certified Funds - Fees No. 2 Jersey Order 2012 Arrangement Jersey COLLECTIVE INVESTMENT FUNDS CERTIFIED FUNDS - FEES No. 2 JERSEY oRdER 2012 Arrangement Article 1 Interpretation.3 2 Fee for application for grant of certificate.3 3 Fee in respect of grant of certificate.4 4 Annual fee.5 5 Fee for alteration of certificate.5 6 Fee for increase in fund service providers.6 7 Revocation.6 8 Citation and commencement.7 of Jers Collective Investment Funds Certified Funds - Fees No. 2 Jersey Order 2012 Article 1 Jersey COLLECTIVE INVESTMENT FUNDS CERTIFIED FUNDS - FEES No. 2 JERSEY oRdER 2012 Made Coming into force THE MINISTER FOR ECONOMIC DEVELOPMENT in pursuance of Articles 8A 2 e 8B 13 and 20 of the Collective Investment Funds Jersey Law 1988 orders as follows - 1 Interpretation In this Order - cell cell company company incorporated cell company and protected cell company have the same meaning as in the Companies Jersey Law 1991 fund means a collective investment fund fund service provider means a person who is or would be required to be registered under the Financial Services Jersey Law 1998 to carry on fund services business in relation to a fund that is or would be required to be a certified fund pool of assets means a fund except that where a fund is divided into separate and distinct parts the rights of which are restricted to an identifiable class of participants it means each one of those parts umbrella fund means a fund where - a the contributions of the unit holders and the profits and income out of which payments are to be made to them are pooled and b the documents constituting the fund provide that such pooling is to be accomplished separately in relation to separate parts of the property of the fund. 2 Fee for application for grant of certificate 1 Subject to paragraphs 2 and 3 a person who applies for a certificate in relation to a fund shall pay a fee that is the sum of - States of Jersey Page -
