What is the recommended frequency for updating data on clients' financial situations, according to recommended practice?
Every 3 years
Annually or biennially
Every 5 years
Daily
What is the minimum retention period for records under Articles 72 to 75 of the MiFID II Delegated Regulation?
3 years
5 years
7 years
10 years
What events justify an immediate update of client information under the duty of vigilance?
A change in family circumstances such as marriage or divorce
A change in the company's marketing strategy
Publication of an annual financial report
A change in professional circumstances such as retirement
What documents must be retained under Articles 72 to 75 of the MiFID II Delegated Regulation?
Signed contracts only
All versions of client questionnaires, suitability reports, periodic assessments, client correspondence, profile changes with justifications, recommendations issued and alerts sent to the client
Internal emails only
Annual financial reports only
True or False: Product monitoring does not require a structured internal organisation.
True
False
True or False: Articles 72 to 75 of the MiFID II Delegated Regulation require a minimum record retention period of three years.
True
False
Indicators for measuring the risk level of a portfolio instrument:
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