initial price

524(in COLL and CIS) in relation to a unit of any class:

1. (a) 46in a single-priced authorised fund, the price to be paid; or46
2. (b) 46 in a46dual-priced authorised fund, the amount agreed by the depositary and authorised fund manager46 as being the maximum 4646 price , inclusive of 46any preliminary charge, that46may be paid to the authorised fund manager;46during the period of the initial offer under COLL 6.2.3 R (Initial offer).46 or, as the case may be, CIS 4.2.4 R (Issue of units: initial offer) or CIS 15.2.4 R and CIS 15.2.5 R (Issue of units: initial offer).