Knowledge Base

Which document must be verified first when assessing the compliance of client categorization?

Notifications sent to clients

Internal policies and procedures

Written statements from clients

Client financial reports

Which article of the Code monétaire et financier requires service providers to establish and maintain written policies on client classification?

Article D.533-1

Article D.533-2

Article D.533-3

Article D.533-4

What are the possible consequences of a change in a professional client's financial situation?

No action is required as long as the client remains professional

The client must be reclassified as a non-professional client with enhanced protections applied

The service provider must simply note the change without taking action

The client must be reclassified as an eligible counterparty

What are the notification obligations regarding client categorization?

Inform the client of their categorization on a durable medium

Mention the right to request a different categorization

Indicate the consequences of a change in categorization

All of the above

The opt-up procedure for a non-professional client can be validated without receiving a written request from the client.

True

False

Mandatory steps of the opt-up procedure for a non-professional client

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Inform the client of their categorization on a durable medium

Receipt of a written request from the client

Mention the right to request a different categorization

Sending a written warning detailing the protections lost

Categories:

Notification obligations

Opt-up steps

A service provider must implement periodic verification mechanisms only for professional clients.

True

False