Knowledge Base

← Ethics, Compliance, and Ethical Organization of Institutions

Questions

Which document provides technical clarifications on points raised by practitioners regarding compliance?

Recitals of European texts
AMF SPOT inspection summaries
ESMA and AMF Questions & Answers
Decisions of the Sanctions Committee

Which document establishes the mission of interpreting ethical guidelines for the RCCI/RCSI?

AMF Guidance DOC-2021-04
Article 22 of Delegated Regulation (EU) 2017/565
ESMA Q&As
AMF General Regulation

What is the main role of the RCCI/RCSI in terms of advisory and assistance?

Permanent monitoring of financial transactions
Opinions on new products before launch and staff training
Operational risk management
Quarterly reporting to shareholders

What is the hierarchy of norms applicable to financial institutions in the European context?

European directives prevail over European regulations
European regulations prevail over European directives
Domestic law prevails over European regulations
AMF positions prevail over all other texts

Categorize items by dragging them to the appropriate zones

Items to categorize:

Recitals of European texts
Questions & Answers (Q&A)
SPOT inspection summaries
Decisions of the Sanctions Committee
Categories:

Shed light on the legislator's intentions

Clarify technical points

Reveal best practices

Form case law

Proportionality applies to client protection objectives based on the size of the institution.

True
False

Main mission of the RCCI/RCSI in control and monitoring

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AMF positions have direct binding force on financial institutions.

True
False