Chapter II, Article 5, Paragraph 2. · Commission Delegated Regulation (EU) 2021/473

Contents

2.The section titled ‘What are the costs?’ of the PEPP KID shall contain the following information:

(a)information on the administrative costs arising from the PEPP provider’s activities when administering PEPP accounts, collecting contributions, providing information to members and executing payments;

(b)information on the following investment costs:

(i)costs of safekeeping of assets, including fees paid to the custodian for keeping assets safe and collecting dividends and interest income;

(ii)portfolio transaction costs, including actual payments by the PEPP provider to third parties to meet costs incurred in connection with the acquisition or disposal of any asset in the PEPP account;

(iii)other costs relating to the management of the investments;

(c)information on the distribution costs arising from marketing and selling the PEPP product, including the costs and fees related to providing advice;

(d)information on costs of guarantees charged to the PEPP saver for the financial guarantee to pay back at least the accumulated capital at decumulation and of any other financial guarantee provided under the PEPP contract.