FPCOB 6.3 Fee disclosure

This section applies to a firm that imposes a fee in connection with a funeral plan or its regulated funeral plan activity.

1. (1)

   Where a fee is payable, the firm must inform its customer of the amount of the fee.

2. (2)

   The information in (1) must be given before the customer incurs liability to pay the fee, or before entering into the funeral plan contract, whichever is earlier.

The fee disclosure requirement extends to all such fees that may be charged in connection with a funeral plan or the firm’s regulated funeral plan activity.