Knowledge Base

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Questions

Which article of the AMF General Regulation details the obligations for managing conflicts of interest?

Articles 313-18 to 313-24
Articles 200-210
Articles 400-410
Articles 500-510

What type of securities caused the serious breach at H2O AM in January 2023?

Illiquid ineligible securities
Listed shares
Government bonds
Mutual funds

What sanction was imposed on CIC Sud-Ouest in June 2023 for breach of the transparency obligation?

1 million euros for CIC and 250,000 euros for CIC Sud-Ouest
75 million euros for H2O AM and 1 million for CIC Sud-Ouest
500,000 euros for CIC Sud-Ouest only
No sanction as it was an isolated case

What are the six types of conflicts of interest identified in the comprehensive risk mapping?

Inappropriate influence, capital links, third-party remuneration, overlapping functions, personal interests, conflicts between clients
Calculation errors, payment delays, legal disputes, client complaints, regulatory sanctions
Internal fraud, corruption, money laundering, tax evasion, non-compliance with procedures
Market fluctuations, liquidity risks, credit risks, operational risks

The separation of activities through 'Chinese walls' is an optional measure to prevent conflicts of interest.

True
False

Inducements must always be accepted if they improve the quality of the service provided.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Chinese walls
Inappropriate influence on investment decisions
Conflicts of interest register
Personal interests of employees
Categories:

Types of conflicts of interest

Management measures

Categorize items by dragging them to the appropriate zones

Items to categorize:

'Chinese walls'
'Separate monitoring procedures'
'Remuneration rules'
'Sequential controls'
'Conflicts of interest register'
Categories:

'Information barriers'

'Monitoring and control'

'Document management'

Article 314-13 of the AMF General Regulation

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