Knowledge Base

Which documents govern the obligation to communicate the conflict of interest management policy under MiFID II?

Article 23 of the MiFID II Directive and Articles 33 to 43 of Delegated Regulation 2017/565

Article 24 of the MiFID II Directive and Articles 34 to 44 of Delegated Regulation 2017/565

Article 22 of the MiFID II Directive and Articles 32 to 42 of Delegated Regulation 2017/565

Article 25 of the MiFID II Directive and Articles 35 to 45 of Delegated Regulation 2017/565

Which article of Delegated Regulation 2017/565 requires a specific communication to the client in case of residual risk?

'Article 33'

'Article 34'

'Article 35'

'Article 36'

When must a service provider transmit its conflict of interest management policy to the client?

Before the first financial transaction

Upon establishment of the business relationship

After the first client complaint

At the end of each quarter

What is one of the situations where a service provider may have an interest distinct from that of the client?

'Receiving higher remuneration on certain products'

'Trading on its own account on the same instruments'

'Favoring another client during a limited offering'

'Receiving minor non-monetary benefits'

The disclosure of inducements is mandatory for all financial services under MiFID II.

True

False

Inducements from fund manufacturers are always prohibited in discretionary portfolio management.

True

False

Definition of a 'Chinese wall'

Click to see answer