Recital 1

(1)Harmonised standards on the investment recommendations or other information recommending or suggesting an investment strategy (hereinafter ‘recommendations’) are necessary for the objective, clear and accurate presentation of such information and for the disclosure of interests and conflicts of interest. They should be complied with by persons producing or disseminating recommendations. In particular, in order to ensure high standards of fairness, probity and transparency in the market, recommendations should be presented objectively and in a way that does not mislead market participants or the public.