DISC 7.1 General

1. (1) The performance information comprises:
   1. (a) information about the performance of a consumer composite investment covering the relevant period so as to illustrate variations in value of the investment over that period;
   2. (b) any additional information necessary to produce the line graph as required by DISC 7.1.4R; and
   3. (c) the information required by DISC 7.1.5R.
2. (2) The relevant period for the purposes of the performance information is the shorter of:
   1. (a) ten consecutive years ending on a date no earlier than 60 days before the date the manufacturer prepares a product summary for a consumer composite investment as required under DISC 2A.2.1R or updates a product summary for a consumer composite investment as required by DISC 3.2.2R; or
   2. (b) the entire period from the day a consumer composite investment was manufactured until a date no earlier than 60 days before the date the manufacturer prepares a product summary for that consumer composite investment as required by DISC 2A.2.1R(1) or updates a product summary for that consumer composite investment as required by DISC 3.2.2R.
3. (3) The requirement in (1) does not apply in respect of consumer composite investments for which no past performance information is available.
4. (4) The manufacturer must ensure the pricing basis adopted for the performance data covering the relevant period is consistent throughout and provides a fair representation and full disclosure of the performance of the consumer composite investment.

5. (5) Where the consumer composite investment is an investment in a closed-ended investment fund or any other share in a fund which is admitted to official listing on an exchange and for which there is a difference between share price and net asset value per share, the performance information must include the historical share price as well as the historical net asset value per share for the relevant period.

    

The product summary must also contain the following information:

1. (1) the year in which the consumer composite investment was manufactured;
2. (2) where the underlying asset is in a different currency to pounds sterling, an explanation of this and a warning that performance may be affected by currency fluctuations;
3. (3) the relevant period; and
4. (4) the source of the performance information.