Bulgarian Investment Consultant Exam Practice Questions - Bulgarian Investment Consultant Exam (Инвестиционен консултант КФН) Exam

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Under Article 78 of the Bulgarian Markets in Financial Instruments Act (ЗПФИ) and MiFID II, what information must an investment consultant obtain before providing investment advice or portfolio management (the Suitability Test / тест за уместност)?
Correct Answer:
Information regarding the client's investment knowledge and experience, their financial situation including ability to bear losses, and their specific investment objectives including risk tolerance and investment time horizon

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