French Monetary and Financial Code
In forceWhen an investment service provider other than a portfolio management company informs clients that the service referred to in Article L. 321-1 (5) is provided independently :
1° It evaluates a sufficient range of financial instruments available on the market, which must be sufficiently diversified in terms of their type and their issuers or suppliers to ensure that the client's investment objectives can be met appropriately. The assessment is not limited to financial instruments issued or provided by the service provider itself, entities with which it has close links or other entities with which it has such close legal or economic relations that there is a risk of impairing the independence of the advice provided;
2° He does not accept, unless he returns them in full to the client, any remuneration, commission or other monetary or non-monetary benefit relating to the provision of the service to the client, paid or provided by a third party. Minor non-monetary benefits likely to improve the quality of the service provided to a client and whose importance and nature are such that they cannot be considered as preventing the service provider from fulfilling his duty to act in the client's best interests are clearly disclosed and are not subject to the requirements of this article.
