Asset managers and asset advisers who fall under the law of April 5, 1993 (the “Financial Sector Act”) have to comply with specific requirements with respect to their corporate and capital structure, their administration and the professional expertise of their agents. Other obligations relate to the protection of investors, pending on their level of knowledge of the financial markets or the amount of investments they make (notwithstanding the possibility of opt in or opt out of a specific category). Asset managers and asset advisers are therefore required to assess the competence of the client, its suitability, to categorise it in order to allow the client to access to a level of investments services and risks appropriate to its profile.