Article 313-14 into force since
- Version into force since
The manufacturer shall consider the charging structure proposed for the financial instrument, including by examining the following:
financial instrument's costs and charges are compatible with the needs, objectives and characteristics of the target market;
costs and charges do not undermine the financial instrument's return expectations, such as where the costs or charges equal, exceed or remove almost all the expected tax advantages linked to a financial instrument; and
the charging structure of the financial instrument is appropriately transparent for the target market, and does not disguise charges or make them too complex to understand.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02