DISC 4 General product information

1. The general product information comprises:
2. (1) the name of the consumer composite investment assigned by the manufacturer;
3. (2) any international securities identification number or unique product identifier;
4. (3) the legal name of the manufacturer;
5. (4) the date the product summary was prepared or, where subsequently revised, the date of the latest revision;
6. (5) information about the characteristics of the consumer composite investment, including:
   1. (a) its type;
   2. (b) its investment objectives and strategy;
   3. (c) a description of any underlying investment assets or reference values and an explanation of how they relate to the value of the consumer composite investment;
   4. (d) information about any markets to which the value of the consumer composite investment has material exposure or sensitivity;
   5. (e) any environmental or social objectives of the consumer composite investment;
   6. (f) any insurance benefits and the circumstances in which they would accrue or be payable;
   7. (g) the investment term, maturity date, or recommended holding period of the consumer composite investment, if there is one, including a minimum or maximum recommended holding period if relevant;
   8. (h) where the return or payment to a retail investor is determined by a formula, an explanation of the formula and how the retail investor's return or payment is calculated under the formula; and
   9. (i) where the consumer composite investment features a capital guarantee, information about whether any conditionality applies to the capital guarantee, in particular where the guarantee only applies when the investment is held to the maturity date;
7. (6) complaints information, which may be provided through a web link, including:
   1. (a) information about how to complain to the manufacturer about:
      1. (i) the consumer composite investment; and
      2. (ii) the conduct of the manufacturer of the consumer composite investment; and
   2. (b) contact details for making complaints;
8. (7) information about:
   1. (a) whether the manufacturer is carrying out an activity in relation to the consumer composite investment to which the Compulsory Jurisdiction or the Voluntary Jurisdiction of the Financial Ombudsman Service applies;
   2. (b) the extent of coverage of the compensation scheme in relation to the consumer composite investment; and
   3. (c) whether any alternative dispute resolution or compensation scheme from a country or territory other than the UK applies in respect of the consumer composite investment and the conditions to access any such scheme;
9. (8) where there is a minimum recommended time period for holding or where it is stated that a minimum holding period is an essential element of the investment strategy, a warning that makes clear that the consumer composite investment may not be appropriate for investors who plan to withdraw their money within that time period;
10. (9) details of any fees, rules, penalties or limitations on early exit or disinvesting from the consumer composite investment;
11. (10) information about where and how to find additional information relating to the consumer composite investment, including but not limited to where and how a prospectus or other offer documents, contractual information and regular reports can be obtained; and
12. (11) any funds information required under DISC 4.1.3R, as applicable.

A manufacturer may include in the environmental and sustainability information it provides under DISC 4.1.1R(5)(e) any disclosures it has prepared under ESG 5.1.1R (Preparation of sustainability disclosures) in respect of the consumer composite investment, or a link to those disclosures.

1. Where the consumer composite investment is an investment in a fund, the general product information also includes the following:
2. (1) details about whether the fund is authorised in the UK and regulated by the FCA and, if not, whether it is a recognised scheme or something else;
3. (2) the name of the fund's operator or AIFM (as applicable); and
4. (3) for a feeder fund:
   1. (a) details about whether its master fund is authorised in the UK and regulated by the FCA and, if not, whether the master fund is a recognised scheme or something else;
   2. (b) the name of its master fund's operator or AIFM (as applicable); and
   3. (c) either of the following:
      1. (i) a statement that the feeder fund invests substantively in its master fund and therefore its returns will be very similar; or
      2. (ii) an explanation of how and why the investment returns of the feeder fund and master fund may differ.