Under Article L.533-15 II of the Code monétaire et financier, the periodic report must include an updated statement on how the investment meets the client's preferences, objectives and characteristics. This document is essential for ensuring transparency and compliance.

Article L.533-15 of the Code monétaire et financier requires discretionary portfolio management providers to conduct a quarterly suitability assessment, unless the client receives regular ongoing information, in which case an annual frequency may suffice.

Under Article 54(12) of Delegated Regulation 2017/565, the minimum frequency for periodic assessment in investment advice is annual. This means the professional must verify at least once a year that the client's portfolio matches their updated profile.

In discretionary portfolio management, if the client receives regular ongoing information, an annual frequency may suffice for the periodic assessment. This ensures the portfolio remains suitable without burdening the client with overly frequent assessments.

In accordance with regulations, the provider has an obligation to inform the client at the time of product marketing about the frequency of periodic reviews. This information is essential for the client to understand the ongoing nature of the relationship and assessments.

During the periodic assessment, the professional must invite the client to update their information if significant changes have occurred regarding their financial situation, investment objectives, investment horizon, risk tolerance or sustainability preferences (ESG criteria). These elements are crucial for adjusting the portfolio.

Yes, under Article L.533-15 II of the Code monétaire et financier, the periodic report must clearly identify any points of mismatch. This enables the professional to propose appropriate adjustments to align the portfolio with the client's profile.