Knowledge Base

← Ethics, Compliance, and Ethical Organization of Institutions

Questions

What sanction was imposed on the company Eres Gestion on 26 July 2023 for inadequate procedures regarding management fee retrocessions?

A fine of 5.67 million euros
A five-year ban from practice
A sanction for inaccurate responses to AMF questionnaires
A sanction for backdated documents

What is the main requirement imposed by Article L.533-11 of the Code monétaire et financier regarding the conduct of investment service providers?

Maximise the company's profits
Act honestly, fairly and professionally in the best interests of clients
Reduce operating costs
Avoid any communication with clients

What is the consequence for a company that seriously breaches its duty of loyalty towards the supervisory authority?

A symbolic fine
A simple warning
A five-year ban from practice
No sanction

What is a concrete example illustrating a breach of the duty of loyalty according to the text?

The company Melanion Capital provided inaccurate responses to AMF questionnaires
The company Eres Gestion failed to detail management fee retrocessions
Smart Tréso Conseil marketed a fund with ineligible receivables
The CGFI group produced backdated documents during an investigation

The AMF certification is sufficient to guarantee the professionalism of an investment service provider.

True
False

Mandatory certification for investment services professionals in France

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

An adviser hides additional fees from the client
A professional recommends an unsuitable product to earn a higher commission
A company provides inaccurate responses to AMF questionnaires
Categories:

Honesty

Loyalty

Professionalism

A financial investment adviser may recommend a product primarily based on the commissions they receive, as long as the product is not clearly inappropriate for the client.

True
False