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Under Article L. 533-18 III of the Code monétaire et financier, what obligation is imposed when the execution policy ...

Under Article L. 533-18 III of the Code monétaire et financier, what obligation is imposed when the execution policy provides for the possibility of executing orders outside regulated trading venues?

Inform the client of the associated financial risks
Obtain the client's explicit consent
Verify the client's solvency
Retain a record of the transaction