(c) the meaning of any recommendation made, such as buy, sell or hold, which may include the time horizon of the investment to which the recommendation relates, is adequately explained and any appropriate risk warning, including a sensitivity analysis of the relevant assumptions, indicated;
c) la signification de toute recommandation émise (telle que "acheter", "vendre" ou "conserver"), le cas échéant l'horizon temporel de l'investissement auquel se rapporte la recommandation, est expliquée d'une manière adéquate et que tout avertissement approprié sur les risques (y compris une analyse de sensibilité des hypothèses retenues) est indiqué;