问题如下:
3. Are the firm’s disclosures regarding management fees consistent with the required and recommended standards of the Asset Manager Code?
选项:
A. Yes.
B. No, because they do not use plain language.
C. No, because they do not include the average or expected expenses or fees clients are likely to incur.
解释:
C is correct.
According to the recommendations and guidance of Section F(4d) of the Asset Manager Code, managers must disclose to prospective clients the average or expected expenses or fees clients are likely to incur, and to existing clients the actual fees and other costs charged to them.