Knowledge Base

← Ethics, Compliance, and Ethical Organization of Institutions

Questions

What is the essential characteristic of information provided to the client according to Article 44 of the MiFID II delegated regulation?

Clarity
Accuracy
Non-misleading nature
Balance

What is the amount of the fine imposed on Cougar Invest for misleading promotional information?

25 million euros
300,000 euros
5 million euros
1 million euros

What fine was imposed on Rallye for dissemination of false or misleading information?

25 million euros
300,000 euros
5 million euros
1 million euros

The distinction between promotional communication and regulatory information is optional under MiFID II.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Status and identity of the institution
Description of the services offered
Client categorisation
Risks of financial instruments
Costs and charges
Conflicts of interest management policy
Categories:

Pre-contractual information obligations

Not required by MiFID II

Projections not based on objective data are acceptable if they are presented clearly.

True
False

Client Onboarding Document (Document d'Entrée en Relation - DER)

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Client Onboarding Document (DER)

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According to Article 24 of MiFID II, which elements must be included in the pre-contractual information provided to the client?

The status and identity of the institution, description of services, client categorisation, instrument risks, costs and charges, and conflicts of interest management policy.
Only the status and identity of the institution.
The description of services and costs and charges.
The risks of financial instruments only.