Knowledge Base

← Marketing of Financial Instruments, Solicitation, Distance Selling, and Client Advisory

Questions

Which article provides that the provisions on distance selling are of public policy?

Article L. 221-1
Article L. 222-1
Article L. 222-2
Article L. 343-1

Which article of the Consumer Code defines the mandatory pre-contractual information for the distance selling of financial services?

Article L. 221-1
Article L. 222-2
Article L. 222-5
Article L. 222-7

What information must the supplier communicate before the conclusion of a distance contract for financial services? (Select all correct answers)

The identity and contact details of the professional
The essential characteristics of the product or service
The total price including charges and taxes
The delivery arrangements

What are the characteristics of a distance contract under Article L. 221-1? (Select all correct answers)

Simultaneous physical presence of the parties
Exclusive use of a distance communication technique
Concluded between two professionals only
Absence of simultaneous physical presence of the parties

The withdrawal period for a distance contract for financial services is seven calendar days.

True
False

The commercial nature of a communication relating to a financial service must be clearly identifiable according to Article L. 222-6.

True
False

EU directive transposed for the distance selling of financial services

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Contract nullity for failure to provide information
Fine of 75,000 euros for a legal entity
Extension of the withdrawal period up to one year
Categories:

Contract nullity

Administrative sanctions