Article 313-14 into force since 03 January 2018

The manufacturer shall consider the charging structure proposed for the financial instrument, including by examining the following:

1. financial instrument's costs and charges are compatible with the needs, objectives and characteristics of the target market;

2. 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

3. 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.