Knowledge Base

← Ethics, Compliance, and Ethical Organization of Institutions

Questions

Which document must be periodically provided to the client according to the rules of good conduct?

The initial contract
Periodic statements of services and costs
The annual fee brochure
The updated prospectus

Which document must be mandatorily provided to the client during the pre-contractual information stage?

The service contract
The Key Information Document (KID)
The promotional brochure
The bank statement

What must a professional do if the information about the client is insufficient to apply the suitability test?

Recommend the least risky product
Refrain from recommending
Ask the client to sign a waiver
Use assumed information

The suitability test is required only for portfolio management services.

True
False

The best execution policy must be documented and continuously observed.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Suitability test (Article L.533-13 I)
Prevention of conflicts of interest
Documentation of client information
Duty of confidentiality
Categories:

Regulatory obligations

Ethical obligations

Retail client

Click to see answer

According to Article L.533-16 of the Code monétaire et financier, what is the first criterion to consider when categorising a client in a professional setting?

The client's financial objectives
The client's financial situation
The client's regulatory classification
The client's investment experience