Knowledge Base

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Questions

Which regulation governs the licensing of CCPs (Central Counterparties) in Europe?

MiFID II
PRIIPs
EMIR
CSDR

Which authority is responsible for granting licences to investment firms in France?

The AMF
The Banque de France
The ACPR
ESMA

What is a possible consequence of non-compliance with post-licensing operational rules by an ISP?

A financial penalty
A public warning
A licence withdrawal procedure
A temporary suspension of activities

The licensing of a central securities depository falls under CSDR with the AMF as the competent authority.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Registered office and effective management in France
Sufficient initial capital
Sound administrative procedures
Effective internal control mechanisms
Categories:

Licensing conditions

Post-licensing operational rules

ISP licensing conditions include the requirement for a registered office and effective management in France to ensure French authorities' jurisdictional competence.

True
False

How long does the AMF have to issue its opinion on a licence application?

One month
Two months
Three months
Six months

Coordination agreement between ACPR and AMF

Click to see answer