Article 313-5 en vigueur au
- Version into force since
The manufacturer must analyse potential conflicts of interest each time a financial instrument is manufactured.
In particular, it shall assess whether the financial instrument creates a situation where end clients may be adversely affected if they take, by investing in, buying, selling or establishing such an instrument:
an exposure opposite to the one held by the manufacturer before investing in, purchasing or establishing the financial instrument; or
an exposure opposite to the one that the manufacturer wants to hold after investing in, selling or establishing the financial instrument.
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