Subject matter

These Guidelines deal with the establishment of product oversight and governance ar-rangements for both manufacturers and distributors as an integral part of the general organisational requirements linked to internal control systems of firms. They refer to in-ternal processes, functions, and strategies aimed at designing products bringing them to the market and reviewing them over their life cycle. They establish procedures relevant for ensuring the interests, objectives and characteristics of the target market are met. Those product oversight and governance arrangements should also be established by manufacturers and distributors for products with Environmental, Social and Governance (ESG) features, should they offer and sell those products to consumers. However, these Guidelines do not deal with the suitability of products for individual consumers.

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