When a MiFID investment firm is providing advice to a client on investing in a deposit, it must comply with the:

• A. MiFID Regulations.
• B. Code of Conduct for Deposit Intermediaries.
• C. Consumer Protection Code.
• D. Insurance Mediation Regulations.

Answer: (C)

When advising a retail client on a deposit, the priority is protecting the consumer in financial services. The Consumer Protection Code sets out the rules for how firms must treat customers, including clear disclosures, suitability assessments, fair treatment, and proper handling of complaints. These protections apply to consumer-facing financial products, such as deposits, regardless of the product type being discussed.

MiFID Regulations govern investment services and instruments, so they’re not the primary framework for a deposit discussion. The Code of Conduct for Deposit Intermediaries would be relevant only if the activity is specifically acting as a deposit intermediary, which isn’t the general situation for a MiFID investment firm giving deposit advice. Insurance Mediation Regulations cover insurance products, not deposits.

So the consumer protection code provides the appropriate, overarching requirements for advising on deposits.