Knowledge Base

Which regulatory document requires the delivery of a suitability statement on a durable medium?

Article L.532-1 of the CMF

Article L.533-15 of the CMF

Article 54(1) of the MiFID II Regulation

Article 54(12) of the MiFID II Delegated Regulation

What specific elements must a justification for a recommended product include?

Why the product meets the client's stated objectives

Why its holding period matches the client's investment horizon

Why its risk level is suited to the client's risk tolerance

Why the client can bear the potential losses

What is the essential first step in preparing a suitability statement under MiFID II regulations?

Verify the client's ESG preferences

Ensure the client questionnaire is complete and up to date

Draft a generic risk report

Select an investment product

What elements must be included in a suitability statement to meet AMF requirements?

The client's investment objectives

The client's time horizon

The client's risk tolerance

The client's ability to bear losses

The validity period of a suitability statement must always be indicated in the document.

True

False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Client's annual income

Attitude towards market fluctuations

Available liquid assets

Total wealth

Categories:

Financial capacity

Risk tolerance

A suitability statement may be limited to generic wording to meet regulatory requirements.

True

False