Knowledge Base

Which products are prohibited from canvassing under Article L. 341-10 of the CMF?

Standard financial products such as bank accounts and loans.

Miscellaneous assets referred to in Article L. 551-1, products with unknown risk and financial instruments without an approved prospectus.

Life insurance and pension funds.

Government bonds and listed shares.

What is the duration of the additional reflection period for certain non-advisory investment service transactions?

Twenty-four hours

Forty-eight hours

Seven calendar days

Fifteen calendar days

What is the criminal penalty for canvassing without authorisation under the CMF?

Six months' imprisonment and a 7,500 euro fine.

Five years' imprisonment and a 375,000 euro fine.

One year's imprisonment and a 15,000 euro fine.

Three years' imprisonment and a 75,000 euro fine.

Categorize items by dragging them to the appropriate zones

Items to categorize:

Verification of good repute requirements

Presentation of the canvassing card

Continuing professional development

Ongoing supervision

Categories:

Principal responsibilities

Canvasser responsibilities

Under Article L. 341-1 of the Code monétaire et financier, what is the definition of banking and financial canvassing?

Any solicited contact with a natural or legal person for financial transactions.

Any unsolicited contact with a natural or legal person with a view to obtaining agreement on the execution of financial transactions.

Any unsolicited contact with a natural or legal person for non-financial transactions.

Any solicited contact with a natural or legal person for non-financial transactions.

The withdrawal period for a canvassing contract is seven calendar days.

True

False

The canvassing card must be systematically presented during all face-to-face canvassing.

True

False

Maximum duration of a mandate for financial canvassing

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