Knowledge Base

Which investment service consists of receiving an order from a client and transmitting it to an authorised provider for execution?

Portfolio management on behalf of third parties

Execution of orders on behalf of third parties

Reception and transmission of orders on behalf of third parties

Dealing on own account

Which article of the Code monétaire et financier lists the nine distinct investment services?

Article L.211-1

Article L.321-1

Article L.532-1

Article L.533-10

What is the specific obligation linked to investment advice under Article L.533-13 I of the CMF?

An appropriateness test

A full suitability assessment

Client categorisation

Conflict of interest management

What is the distinguishing feature of non-guaranteed placement compared to guaranteed placement?

Non-guaranteed placement commits the provider to a minimum subscription amount

Non-guaranteed placement operates on a best-efforts basis without any commitment to results

Non-guaranteed placement is mandatory for all securities issuances

Non-guaranteed placement is always less costly than guaranteed placement

Categorize items by dragging them to the appropriate zones

Items to categorize:

Reception-transmission of orders

Dealing on own account

Investment advice

Underwriting

Categories:

Services on behalf of third parties

Services on own account

Services related to securities issuance

Portfolio management on behalf of third parties does not require a management mandate.

True

False

Dealing on own account

Click to see answer

All investment service providers must categorise their clients as retail, professional, or eligible counterparties.

True

False