Knowledge Base

← French, European, and International Institutional and Regulatory Framework

Questions

Which article of the General Regulation tasks professional associations with ensuring the ongoing training of their members?

Article 314-2
Article 325-38
Article L.541-4 of the Code monetaire et financier
Article L.500-1 of the Code monetaire et financier

Which AMF-approved professional association has the largest number of member firms?

CNCGP
ANACOFI-CIF
CNCEF Patrimoine
La Compagnie des CGPI

What sanction was imposed by the AMF Sanctions Committee against ANACOFI-CIF on September 5, 2023?

A three-month temporary suspension
A 250,000 euro fine
A public warning
Permanent exclusion

What is the sine qua non condition for a financial investment advisor to practice under Article L.541-4 of the Code monetaire et financier?

Holding a Master's degree
Being a member of an AMF-approved professional association
Having 5 years of experience in the financial sector
Holding minimum capital of 50,000 euros

Professional associations may sanction their members without an adversarial procedure.

True
False

Minimum annual continuing professional development hours for financial investment advisors

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Mandatory on-site inspection every five years
Selection or organization of annual training programs
Audit of practice compliance
Dissemination of regulatory guidance and best practices
Categories:

Oversight and supervision

Continuing professional development

AMF-approved professional associations must be independent from financial product manufacturers to avoid any conflict of interest.

True
False