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Questions

Why is Euronext Paris often preferred for executing orders on French shares?

For its low liquidity
For its order book depth
For its high transaction fees
For its administrative simplicity

Which criterion is generally decisive for executing a small order on a highly liquid security?

Likelihood of execution
Total cost
Order size
Market volatility

What must the professional do in the event of a significant change to the execution policy?

Do nothing because the general terms and conditions remain valid
Inform clients of significant changes
Only change the general terms and conditions without notifying clients
Apply the changes immediately without notice

The order execution policy must be explained in the same way to all clients, whether professional or not.

True
False

Execution policy review procedures are only applied in the event of a financial crisis.

True
False

Articles governing the obligation to inform about the execution policy:

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Article 27 of MiFID II
Total cost
Extreme market volatility
Article 66 of Delegated Regulation
Categories:

Legal documents

Selection criteria

Special cases

According to Article 66(3) of the delegated regulation, what document must be provided to the client to explain the order execution policy?

An oral summary of execution terms
A written document on a durable medium
An email notification without written confirmation
A recorded verbal contract