Knowledge Base

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Questions

Which KYC pillar specifically concerns regular income and overall wealth?

Knowledge and experience
Financial situation
Investment objectives
Sustainability preferences

Which document must be provided to the client before any transaction according to Article 54.9?

Initial client questionnaire
Suitability report
Portfolio management contract
Product factsheet

Which AMF position-recommendation incorporates the ESMA guidelines on suitability requirements?

DOC-2018-10
DOC-2019-03
DOC-2020-05
DOC-2021-12

What percentage of the sample audited by the AMF in 2020 showed a non-compliant assessment of the ability to bear losses?

20%
30%
87.5%
50%

Risk tolerance and the ability to bear losses are identical concepts.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Management fees
Level of knowledge required to understand the instrument
Correspondence with the client's investment objectives
Categories:

Costs

Complexity

Suitability

Four KYC pillars

Click to see answer