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← Assess client knowledge and experience to comply with regulatory obligations
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According to Article L.533-13 of the Code monétaire et financier, what is the dual purpose of assessing client knowle...

According to Article L.533-13 of the Code monétaire et financier, what is the dual purpose of assessing client knowledge and experience?

To assess the client's solvency and determine their risk profile
To determine whether the client understands the risks and to condition the provision of certain services
To verify the client's compliance with tax regulations and determine their risk tolerance threshold
To estimate the client's borrowing capacity and assess their credit history