Knowledge Base

← Ethics, Compliance, and Ethical Organization of Institutions

Questions

Which professional association is authorised to develop codes of conduct for asset management in France, according to Article 314-2 of the AMF General Regulation?

The AMF
ESMA
The AFG
Banque de France

Which law requires large companies to implement programmes that include corruption risk mapping?

The loi PACTE
The loi Sapin 2
The loi Macron
The loi El Khomri

What elements must an ethics programme cover according to the loi Sapin 2?

An internal code of conduct
A corruption risk mapping
Internal whistleblowing mechanisms
Due diligence procedures on third parties

What are the two cardinal principles underpinning French financial ethics?

Transparency and confidentiality
Primacy of the client's interest
Market integrity
Profitability and growth

The internal code of conduct should be accessible only to members of senior management.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Reporting channels for regulatory breaches
Aggregated risk indicators
Exception reports flagging significant deviations
Categories:

Whistleblowing mechanisms

Monitoring tools

Main role of the RCCI

Click to see answer

Continuing professional development for staff is not mandatory under MiFID II.

True
False