redemption charge
an amount levied by the operator of a scheme upon the redemption of units, in the case of an authorised fund under:
- (a) COLL 6.7.7 R (Charges on buying and selling units); or
- (b) CIS 8.2.7 R (Redemption charge: ICVCs); or
- (c) CIS 8.5.2 R (Redemption charge: single-priced AUTs); or521
- (d) CIS 15.4.10 R (Redemption charge).