1 Amendments of Leonardo DOMENICI related to 2011/0298(COD)
Amendment 682 #
Proposal for a directive
Article 24 – paragraph 1 a (new)
Article 24 – paragraph 1 a (new)
1 a. Member States shall ensure that investment firms assess a general consistency of the financial instruments distributed, especially when directly designed, with due regard to their characteristics, against the characteristics and needs of the potential target group of clients to whom these instruments are being addressed. Member States shall require that investment firms take reasonable steps to ensure that the sale and distribution policy is consistent with suitability and appropriateness assessment rules.