charge
- (1) (in LR) (in relation to securitised derivatives) means any payment identified under the terms and conditions of the securitised derivatives.323
- (2) (except in LR) 31any fee or charge made to: a client in connection with
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- (a) designated investment business; or 23
- (b) any insurance mediation activities in respect of a non-investment insurance contract;23
whether levied by the firm or any other person, including a mark-up or mark-down.23