[Fund investment consulting pilot institutions will allocate T-class shares for investors starting next year] November 5th, in order to standardize the development of fund investment consulting business, protect the legitimate rights and interests of fund share holders, implement the relevant requirements of the "Regulations on the Management of Sales Fees of Publicly Offered Securities Investment Funds", and provide reference and suggestions for the orderly establishment of fund investment consulting shares (hereinafter referred to as T-class shares) for the industry. According to the "Notice on Carrying out the Pilot Work on the Investment Consulting Business of Publicly Offered Securities Investment Funds", the Fund Industry Association issued relevant notices to fund investment consulting pilot institutions and others. The notice stated that T-class shares refer to the fund share category established by the fund for individual investors for fund investment advisory business. There are no subscription (subscription) fees and customer maintenance fees for T-class shares. In principle, the management fee for T-class shares is charged at 60% of the original fund management fee. Starting from January 1, 2027, if a fund investment advisory pilot institution simultaneously conducts fund sales business, or if a related party under the same control conducts fund sales business, it shall allocate T-class shares to investors in the new business; for existing business, it is possible to gradually transition to the use of T-class shares in the process of fund investment portfolio strategy adjustment and other processes, following the principles of investor interests priority and optimal execution. (Securities Times)