Product governance requirements for investment firms manufacturing financial instruments
(1) Investment firms shall comply with this Schedule when devising or otherwise creating financial instruments, which encompasses the creation, development, issuance or design of financial instruments (or more than one of those things).
(2) Investment firms devising or otherwise creating financial instruments shall comply, in a way that is appropriate and proportionate with the relevant requirements in paragraphs 3 to 18, taking into account the nature of the financial instrument, the investment service and the target market for the product.
(3) Investment firms are required to establish, implement and maintain procedures and measures to ensure the devising, or the creation otherwise, of financial instruments complies with the requirements on proper management of conflicts of interest, including remuneration. In particular, investment firms devising or otherwise creating financial
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