Knowledge Base

Which criterion is NOT required for information to be protected by trade secrecy?

The information must not be generally known or easily accessible

The information must have actual or potential commercial value

The holder must have taken reasonable protective measures

The information must be public

Which article of the Code penal defines professional secrecy?

Article 226-10

Article 226-13

Article 226-14

Article 226-15

What is the penalty for breaching professional secrecy under Article 226-13 of the Code penal?

6 months' imprisonment and a 10,000 euro fine

One year's imprisonment and a 15,000 euro fine

Two years' imprisonment and a 30,000 euro fine

No sanction

What is one of the legal exceptions allowing the lifting of banking secrecy?

For any client request

For credit operations and in response to certain authorities

For any international transaction

For any request from a bank employee

The client can expressly waive banking secrecy and release their banker from this obligation.

True

False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Request from the ACPR

Express waiver by the client

Intra-group consolidated risk management operations

Categories:

Legal exceptions

Contractual exceptions

Definition of trade secrets

Click to see answer

Banking secrecy applies only to general information about the client's situation.

True

False