Page 1 of 1
Module 4 — Investment Advice Ethics assessment
Knowledge check based on Module 4 of the Okimia training program — Investment Advice Ethics & Conduct. Required for all employees involved in client-facing activity or product decisions. 15 questions, ~8 minutes.
1. Who is the Responsable conformité CIF at Okimia?
*
1. Who is the Responsable conformité CIF at Okimia?
A
Geoffrey LAIRD
B
Thomas DUBOIS
C
François MENJAUD
D
The CNCGP
2. What does CIF stand for?
*
2. What does CIF stand for?
A
Cabinet d'Investissement Financier
B
Conseiller en Investissements Financiers
C
Centre d'Investissement Français
D
Conseil Indépendant en Finance
3. Which professional association is Okimia a member of?
*
3. Which professional association is Okimia a member of?
A
ANACOFI
B
CNCGP
C
CNCEF Patrimoine
D
La Compagnie des CGP
4. Annual CPE (continuing professional education) required for our advisors via CNCGP:
*
4. Annual CPE (continuing professional education) required for our advisors via CNCGP:
A
3 hours
B
7 hours, including 2 hours of déontologie
C
14 hours
D
No specific requirement
5. Most Okimia clients are classified under MiFID II as:
*
5. Most Okimia clients are classified under MiFID II as:
A
Eligible counterparty
B
Professional
C
Retail (non-professional)
D
It doesn't matter for MMFs
6. When giving investment advice, suitability requires alignment across:
*
6. When giving investment advice, suitability requires alignment across:
A
Knowledge only
B
Knowledge and experience only
C
Knowledge, experience, financial situation, and objectives
D
Financial situation only
7. Which documents anchor the CIF advisory relationship? (Select all that apply)
*
7. Which documents anchor the CIF advisory relationship? (Select all that apply)
Document d'Entrée en Relation (DER)
Lettre de mission
Déclaration d'adéquation
Public press release
8. Minimum retention period for CIF documentation:
*
8. Minimum retention period for CIF documentation:
A
1 year
B
3 years
C
5 years
D
Indefinite
9. MMF providers paying Okimia 'rétrocessions' is:
*
9. MMF providers paying Okimia 'rétrocessions' is:
A
Illegal and prohibited
B
Allowed if disclosed up front and they enhance service quality
C
Allowed without disclosure
D
Required by law
10. Which statement about a money market fund is CORRECT?
*
10. Which statement about a money market fund is CORRECT?
A
MMFs guarantee capital
B
MMFs offer the same protection as a bank deposit
C
MMFs are typically stable but can suspend redemptions (gating) or break NAV in stress events
D
MMFs are risk-free
11. 'Past performance is not a reliable indicator of future results' — this disclaimer is:
*
11. 'Past performance is not a reliable indicator of future results' — this disclaimer is:
A
Optional
B
Required only for retail clients
C
Required on all client-facing performance communications
D
Required only for paid advertising
12. Which of these communications is MISLEADING and should never be used?
*
12. Which of these communications is MISLEADING and should never be used?
A
MMFs are typically stable but can lose value in stress scenarios
B
Get 5% on your cash with zero risk
C
The yield can change with rates
D
Past performance is not a reliable indicator of future results
13. Before a client subscribes to an MMF, they must receive:
*
13. Before a client subscribes to an MMF, they must receive:
A
Only a brief description
B
Just the fund name and ISIN
C
The PRIIPs Key Information Document (KID), in good time
D
Nothing — the KID is provided after
14. Okimia's primary supervisor for CIF activity is:
*
14. Okimia's primary supervisor for CIF activity is:
A
ACPR
B
AMF
C
Tracfin
D
CNIL
15. When you encounter a conflict of interest, what do you do? (Select all that apply)
*
15. When you encounter a conflict of interest, what do you do? (Select all that apply)
Document it
Report it to François
Decline the engagement if the conflict can't be managed
Hide it from the client to avoid worry
Submit