+Article 9 12.

Article 9 12.

Member States shall ensure that investment firms consider the charging structure proposed for the financial instrument, including by examining the following:

(a) 

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

(b) 

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

(c) 

the charging structure of the financial instrument is appropriately transparent for the target market, such as that it does not disguise charges or is too complex to understand.

1. Panoramica

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1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard