Knowledge Base

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Questions

Which institution oversees compliance with the GDPR by financial institutions?

Banque de France
AMF
CNIL
Cour de cassation

Which directive requires investment firms to assess the suitability of a financial product to the client's profile?

Directive (EU) 2023/2673
MiFID II
GDPR
Code monétaire et financier

Which article of the Code monétaire et financier provides for the applicability of competition rules to credit institutions?

Article L.511-33
Article L.511-4
Article L.420-1
Article L.420-4

The Cour de cassation condemned French banks in 2004 for collusion on mortgage loans.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

GDPR
Banking secrecy
Anticompetitive agreements
Abuse of dominant position
Categories:

Client data protection

Competition law

Essential consumer rights under Directive (EU) 2023/2673

Click to see answer

Banking secrecy (Article L.511-33 of the Code monétaire et financier) allows credit institutions to disclose confidential client information without their consent.

True
False

According to Directive (EU) 2023/2673, what is the withdrawal period for a distance financial contract?

7 days
14 days
21 days
30 days