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🔗 Back to Summary. 🇫🇷 French Version: 2014L0065_FR.16 bis. Open the PDF. Direct link to EUR-LEX.
Article 16 – Organisational requirements ⬅️ | ➡️ Article 17 – Algorithmic trading
Article 16a - Exemptions from product governance requirements
An investment firm shall be exempted from the requirements set out in the second to fifth subparagraphs of Article 16(3) and in Article 24(2), where the investment service it provides relates to bonds with no other embedded derivative than a make-whole clause or where the financial instruments are marketed or distributed exclusively to eligible counterparties.