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Questions

Which document must include a specific section on the review of the organization and procedures for competency assessments?

The annual financial report
The annual report of the compliance and internal control officer
The quarterly sales report
The annual human resources report

Which assessment method is explicitly deemed non-compliant by AMF SPOT inspections?

An annual appraisal interview with a section dedicated to regulatory competencies
An assessment questionnaire completed jointly by the staff member and their manager
A pure self-assessment system
A SPOT inspection by an external auditor

What is the minimum frequency required for annual competency assessments of sales staff under ESMA guidelines V.IV?

Once every two years
Once a year
Twice a year
Three times a year

What is the consequence if a staff member does not participate in mandatory continuing education?

No consequences, as the training is optional
The staff member is automatically dismissed
Corrective actions must be implemented without delay
The staff member is immediately promoted

Relevant competency areas for sales functions

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Placement under supervision of a qualified colleague
Curriculum vitae
Temporary restriction of certain activities
Interview reports
Categories:

Corrective actions

Traceability elements

Annual continuing education must mandatorily cover a minimum of 15 hours according to ESMA guidelines.

True
False

Annual assessments can be replaced by a systematic re-examination every year.

True
False