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Questions

Which article of the Code monétaire et financier requires providers to maintain organisational arrangements to prevent conflicts of interest?

L. 533-5
L. 533-10
L. 533-15
L. 533-20

What timeframe is allowed for fully returning to the client any amount received in breach of the rules for independent services?

24 hours
7 days
A reasonable timeframe
One month

What is one of the possible sanctions for breaching remuneration rules?

A maximum fine of €50 million
A maximum fine of €100 million or 10 times the profits made
A temporary suspension of activity only
A maximum fine of 20% of annual turnover

What is one of the conditions for inducements to be permitted in the context of non-independent investment advice?

Remuneration must exclude all non-monetary benefits
An improvement in the quality of service provided to the client must be demonstrated
The client must explicitly accept the inducements in writing
Inducements must be limited to a fixed annual amount

The compliance function's remuneration should depend on the performance of the sectors it oversees.

True
False

Receiving third-party remuneration is permitted for independent investment advisory services.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Compliance function
Regulatory authorities (AMF)
Annual reports to governing bodies
Financial sanctions
Categories:

Internal monitoring

External monitoring

AMF Position prohibiting risky remuneration structures

Click to see answer