Knowledge Base

Which body supervises the activities of CIFs (Financial Investment Advisers)?

ACPR

ORIAS

AMF

Banque de France

What is the minimum professional liability coverage required for an IOBSP broker?

€300,000 per claim and €500,000 per year

€500,000 per claim and €800,000 per year

€800,000 per claim and €1,500,000 per year

€1,500,000 per claim and €2,000,000 per year

What is the minimum professional liability coverage amount for an insurance intermediary (IAS) broker?

€1,564,610 per claim and €2,315,610 per year

€1,564,610 per year and €2,315,610 per claim

€800,000 per claim and €1,564,610 per year

€500,000 per claim and €800,000 per year

What is the minimum financial guarantee required for an IOBSP broker handling client funds?

€50,000

€115,000

€230,000

€345,000

Mandatory continuing education for a CIF

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Combining CIF and IAS statuses is permitted without any incompatibility.

True

False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Broker acting on client mandate without institution mandate

Tied agent exclusively linked to one institution

Agent able to hold multiple mandates

Agent acting on behalf of another intermediary

Categories:

COBSP

MOBSPL

MOBSP

MIOBSP

A professional can combine the status of broker for mortgage credit and agent for consumer credit.

True

False