charge

1. (1) (in UKLR282) (in relation to securitised derivatives) means any payment identified under the terms and conditions of the securitised derivatives.323
2. (2) (except in 31UKLR282) any fee or charge made to:44 23
   1. (a) a client in connection with44 designated investment business; or 23
   2. (b) a customer in connection with44 any insurance distribution activity223 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