EAC disclosure is being phased in from 1 October 2016. Initially disclosure will be made to new investors only or existing investors into new product and will take the form of an EAC estimate in response to the investor’s application form. The calculation will be based on the information provided by the investor, as well as historical data relating to the fund selected.


All existing products will also have to be brought into line with the EAC standard when there is change to the contractual terms of the product. The deadlines for compliance for existing products are:

• 01st June 2017 for products sold after 01 April 2010 the investor must receive EAC of the products invested in on at least an annual basis and before a qualifying event occurs. Qualifying event is any additional investment into existing products;

• 01st June 2018 for products sold after 01 April 2000 and before 01 April 2010 the investor must receive EAC of the products invested in on at least an annual basis and before a qualifying event occurs. Qualifying event is any additional investment into existing products; and

• 01st June 2019 for products sold before 01 April 2000 the investor must receive EAC of the products invested in on at least an annual basis and before a qualifying event occurs. Qualifying event is any additional investment into existing products; 


The EAC table will also be shown on the investor statement in response to defined trigger events. Example an additional investment into an existing fund, debit order instructed or a switch of units into a new fund effective 22 October 2016. 


The EAC table will also reflect on investor quarterly statement effective January 2017 for period 01 October 2016 – 31 December 2016. 


An EAC calculator can be downloaded from this link EAC Illustrator .