Article 313-13 into force since 22 November 2022

The manufacturer shall determine whether a financial instrument meets the identified needs, characteristics and objectives of the target market, including by examining:

1. the financial instrument's risk/reward profile is consistent with the target market; and

2. if the sustainability factors of the financial instrument, as defined by Point 24 of Article 2 of Regulation (EU) 2019/2088 of the European Parliament and of the Council, are compatible with the target market;

3. financial instrument design is driven by features that are in the client's interest and not by a business model that relies on poor client outcomes in order to be profitable for the manufacturer.