NEXT CHALLENGE RULES
EDITION #4
2024-2025
WARNING
The Next Challenge is an educational game intended to promote a reasoned and reasonable approach to investment and portfolio management. It is not an invitation to speculate, even if leveraged ETFs are available in the game, nor a recommendation to invest in any company or product.
When building their portfolio, participants should keep in mind a few simple rules of thumb:
Do not place too much emphasis on past performance because past performance is not indicative of future performance. There is no high performance without high risk. Diversification is essential to spread risk and build sustainable performance. Give preference to information at the source, on the website of the companies or product promoters. Beware of information from internet forums and social networks.
Do not hesitate to consult the AMF's sections on investment and portfolio management. You can also refer to the Universal Registration Document (URD) of the companies to learn about the risk factors associated with each of them.
These UDRs can be consulted on the companies' websites.
SAS NextWise has developed the NextWise platform to host a competition focused on financial literacy, with a highly educational approach to investing: : the Next Challenge.
The Next Challenge is developed and organized by SAS NextWise with the support of its partners and the University Paris Dauphine PSL.
The Next Challenge with Dauphine - PSL is more than just a stock market competition. It's an asset management competition designed to develop participants' knowledge of portfolio management in a realistic, educational environment.
NEXT CHALLENGE RULES
Participation in the Next Challenge 2024-2025 requires agreement to the present terms and conditions.
This agreement - a mandatory checkbox to be ticked in order to proceed with the account activation request - is required when creating an individual profile on the NextWise platform by ticking the box "I have read and accept the general terms and conditions of the Next challenge 2024-2025 game rules".
INDEX
Next Challenge 2024-2025 schedule
Individual profiles = individual investors
The Subcategories of Individual Investors
Club profiles: Team management
The Subcategories of Clubs
Videos and Pitch Battle
Club video presentation
Winners of the Next Challenge Edition #4 2024-2025
Article 1 : Organizing company
Article 2 : Registration procedure
Article 3 : Participation mode
How to participate in the Next Challenge 2024-2025
How to participate in the "Management company internship" application process
Article 4 : Investment scope and order placement
Article 5 : Virtual allocations
Article 6 : Selection criteria
Quantitative selection criteria
Qualitative selection criteria
Diversification rules
Diversification rules for individual investors
Diversification rules for clubs
Selection criteria for the best video club
Individual investor awards
Best club video presentation award
Article 9 : Issues and questions
Article 10 : Responsibility
Article 11 : Protection of personal data
Article 12 : Authorizations
Article 13 : Proof agreement
Article 14 : Applicable Law and Regulations
Article 15 : Adhesion to the present rules
NEXT CHALLENGE 2024-2025 SCHEDULE
Next Challenge Edition #4 2024-2025 takes place from october 7, 2024 to april 17, 2025
Participants can register at any time on the NextWise platform..
THE NEXT CHALLENGE CONCEPT
The competition, which includes a prize-giving ceremony at the end of the period, is open only to students with a valid student ID (INE) residing in Europe..
Students participate :in their individual capacityas individual investorsOR/AND as a team forming a club
Students participating select a subcategory that corresponds to their mode of participation:
In their individual capacity as individual investors:
- Subcategory: Lone Wolf
OR
- Subcategory: Tribe Vibe
As a team forming a club
- Subcategory: Strategy Fund
OR
- Subcategory: Engagement Fund
All participants—individually and as clubs— receive a virtual amount to invest
Individual investors and clubs are evaluated throughout the duration of the Next Challenge: from Monday, October 7, 2024, to Friday, April 11, 2025
The quality of their performance is evaluated on the basis of quantitative and qualitative criteria to measure their understanding and assimilation of portfolio management, from which they can benefit in both their professional and personal lives.
The Next Challenge is also punctuated by meetings and networking between competitors, as well as numerous events with investment professionals, partners of the challenge.
INDIVIDUAL PROFILES = INDIVIDUAL INVESTORS
Participants must create an individual profile: they take part in the competition as individual investors.
- Each individual profile receives a virtual allocation of €50,000.
- Whether or not an individual joins a club, he or she can take part in the Next Challenge as an individual investor.
- Participants can join the challenge without using their individual profile, thereby competing as club members..
- Each individual profile can entrust the management of its virtual allocation - for a minimum of €3,000 and a maximum of €30,000 - to one or more clubs of its choice, with the exception of the club to which it belongs.
The feature that allows users to delegate the management of their virtual allocation starts on Monday, December 2, 2024.
Individual investors are evaluated throughout the Next Challenge Edition 3 period, from Monday, October 7, 2024, to Friday, April 11, 2025.
Individual investors are evaluated on the basis of separate quantitative and qualitative criteria.
Individual investors are ranked separately in the following charts: Rankings
- The monthly Individual Investor rankings = published at the end of each month, represent the points accumulated during that month.
- Individual General Ranking = updated at the end of each month, representing the points accumulated since the beginning of the challenge..
THE SUBCATEGORIES OF INDIVIDUAL INVESTORS
In the Individual Investor category, each participant can choose one of the two proposed subcategories based , on their mode of participation in the Next Challenge #4.
- Subcategory: Lone Wolf : for participants who prefer to focus solely on their portfolio.
- Subcategory: Tribe Vibe : for those who wish to manage their portfolio while sharing and engaging with the NextWise community.
The selection criteria are different depending on the subcategory chosen by the participant.
WARNING: once the category is selected, it will no longer be possible to modify it!
CLUB PROFILES = TEAM MANAGEMENT
Each participant has the option of taking part in the competition as part of a team in addition to or instead of of their participation in an individual capacity.
Participants must then form a "Club":
- Each individual profile can recruit members.
- Each individual profile can apply to a club.
- Each club receives a virtual allocation of €200,000.
- Clubs can be entrusted with the management of a virtual allocation from one or more individual investors - each payment has a minimum amount of €3,000 and a maximum amount of €30,000. a club member cannot allocate funds to his or her own club.
The feature that allows users to delegate the management of their virtual allocation starts on Monday, December 2, 2024."
Club composition
- The Club's official representative as - referred to as the President - is by default the individual profile that has received a minimum of 4 positive answers to join its club.
- A club must be composed of 5 members minimum and 7 members maximum .
- The club profile page is activated as soon as four members accept the invitation to join the club.
- A club enters the competition only when it reaches a total of 5 members, including the president.
- It is no longer possible to recruit new members. once the number of 7 members has been reached .
- A member can quit a club at any time : but if the club has fewer than 5 members, it has 7 days to recruit new members, failing which it is automatically excluded from the competition.
Club profiles are evaluated throughout the Next Challenge Edition #4 period. from Monday, October 7, 2024, to April 11, 2025.
Club profiles are evaluated on the basis of separate quantitative and qualitative criteria.
Clubs are ranked separately:
- Monthly Club Ranking = This ranking is dedicated to selecting the clubs that will participate in the Pitch Battle; it is independent of the overall ranking.
- General Club Ranking= updated at the end of each month, representing the points accumulated since the beginning of the challenge..
THE CLUB SUBCATEGORIES
In the Club category, each team can choose one of the two proposed subcategories based , on their mode of participation in the Next Challenge #4.
- Subcategory Stratefgy Fund : for teams that focus solely on internal exchanges and collaboration, that is, among the club members.
- Subcategory Engagement Fund: for teams that aim to communicate and collaborate with the NextWise community to secure additional funding.
The selection criteria are different depending on the subcategory chosen by the participant.
WARNING: :
- Once the category is selected, it will no longer be possible to modify it!
- The choice of subcategory must be made in consultation with the club members, but only the President should select the subcategory in which the club wishes to compete.
VIDEOS AND PITCH BATTLES
This competition is independent of the overall Next Challenge ranking.
This competition does not offer financial prizes.
This competition is exclusively for clubs competing in the subcategory Engagement Fund
Clubs pitch only once during the entire duration of the Next Challenge.
MONTHLY CLUB RANKINGS
Clubs are subject to a separate ranking.:
- It is the monthly club ranking that allows for the selection of clubs in the subcategory Engagement Fund that will participate in the Video Pitch Round and Pitch Battle
- Every month, meaning approximately every four weeks, the monthly ranking is reset to zero.
- Clubs present their pitch only once during the Next Challenge. : Clubs that have already pitched no longer appear in the monthly rankings.
The selection is carried out in two stages:ROUND 1 Video Pitch then ROUND 2 Pitch BATTLE
ROUND 1 - VIDEO PITCH
- The top 5 clubs in the monthly club ranking submit a video, lasting no more than 3 minutes, on an imposed subject.
- Jury members view and evaluate the 5 videos, resulting in the Top 3 best video pitches.
- The top 3 clubs qualify for ROUND 2. - The top 3 clubs qualify for ROUND 2.
ROUND 2 - PITCH BATTLE
- The top 3 clubs face off against the judges in a PITCH BATTLE.
- Clubs are given 5 minutes to develop their assigned subject, followed by a 10-minute Q&A session.
- The jury retires to deliberate and rank the three Clubs on the podium.
The PITCH BATTLES are dedicated events, organized both in-person and online, held in prestigious venues or hosted at the facilities of our various partners.
CLUB VIDEO PRESENTATIONS
This video presentation is for clubs only.
Clubs can add a video presentation of maximum 3 minutes on their profile page.
Clubs can submit their presentation video throughout the Next Challenge Edition #4 period, i.e. from Monday, October 7, 2024, to Friday, April 11, 2025.
HOW THE PRESENTATION VIDEO IS BROADCAST
- The video must be sent by email directly to : [email protected]
- NextWise's teams carry out a verification.
- Once the video content has been validated, it is put online by NextWise :
- The club's presentation video is hosted on the Next Challenge YouTube channel in public mode.
- The club introduction video is availableon the club's profile page.
- A notification is sent to all members of the club to let them know when their club presentation video is available.
Club videos are submitted to a vote - action "Recommend" - by the active community of the NextWise platform as part of the "Best Video Club" financial prize. » .
- NextWise posts the club's video presentation on the " More about " feed on the NextWise platform.
- Recurrence: posts containing club presentation videos are published equally. in time and in frequency.
- The active NextWise community can "Recommend" the club's presentation video using the post's "Recommend" feature.
RANKINGS
Individual investors and clubs are evaluated throughout the Next Challenge period: from Monday, October 7, 2024, to Friday, April 11, 2025.
The Next Challenge is punctuated by several classifications: Rankings
Ther are four types of rankings, available on NextWise plateform :
- Monthly Individual Investors Rankings
- General Individual Investors Ranking
- Monthly Club Rankings
- General Club Rankings
The displayed ranking corresponds to the subcategory in which the individual investor or club participates.
Both individual investors and clubs are evaluated on the basis of quantitative AND qualitative criteria.
MONTHLY RANKINGS INDIVIDUAL INVESTOR ALL CATEGORIES
- The calculation is based on quantitative criteria and qualitative criteria that vary depending on the chosen subcategory.
- It is carried out every Friday when the market closes.
- These are the cumulative points obtained by individual investors over the past week.
OVERALL RANKINGS INDIVIDUAL INVESTOR ALL CATEGORIES
- The calculation is based on quantitative criteria and qualitative criteria that vary depending on the selected subcategory.
- It is carried out at the end of a period of more or less 4 weeks on Fridays when markets close.
- This is the the sum of the weekly points obtained since the start of the Next Challenge.
MONTHLY RANKINGS CLUB SUBCATEGORY ENGAGEMENT FUND
- The monthly club rankings are independent of the overall club rankings of the Next Challenge.
- This is a competition exclusively reserved for clubs in the subcategory Engagement Fund
- It is carried out at the end of a 4-week period on Fridays when the market closes.
- These are the cumulative points obtained by clubs over the period.
- At the end of the period, the ranking is reset to zero.
OVERALL RANKINGS CLUB ALL CATEGORIES
- The calculation is based on quantitative and qualitative criteria that differ depending on the selected subcategory.
- It is carried out at the end of a 4-week period on Fridays when the market closes.
- These are the sum of the points obtained by the clubs since the start of the Next Challenge.
OVERALL RANKING OF THE NEXT CHALLENGE EDITION #3 2024-2025
WINNERS OF THE NEXT CHALLENGE EDITION #3 2024-2025
After checking the information on individual profiles and club profile members, as well as the results of the prize lists : individual investor and club category winners are convoked.
INDIVIDUAL INVESTOR CATEGORY
- 3 INDIVIDUAL WINNERS in the subcategory Lone Wolf
- 3 INDIVIDUAL WINNERS in the subcategory Tribe Vibe
CATEGORY CLUB
- 3 WINNING CLUBS in the subcategory Strategy Fund
- 3 WINNING CLUBS in the subcategory Engagement Fund
BEST VIDEO CLUB CATEGORY
1 WINNERSi.e. all members of the club with the highest number of recommendations from the active NextWise community until April 11, 2025.
The Next Challenge Edition #4 awards ceremony will be held at Euronext Paris SA headquarters Thursday, April 17, 2024 from 5:00 pm.
ARTICLE 1: ORGANIZING COMPANY
The Next Challenge is developed and organized by SAS NextWise, headquartered at 6 rue des Bateliers - 92110 Clichy, registered in the Paris Trade and Companies Register under no. 880 341 458.
ARTICLE 2: REGISTRATION PROCEDURE
The Next Challenge is open to all European students enrolled in a higher education institution and able to provide proof of their National Student Identifier (INE).
Verification of student status is carried out a posteriori when checking the top positions in the ranking list.
Each participant must create an individual profile by filling in the following fields:
-FIRSTNAME*
- LASTNAME*
- E-Mail*
- CONFIRMED EMAIL*
- CREATE PASSWORD*
- CONFIRMED PASSWORD*
- BIRTHDAY*
- PROFILE: ALUMNI/STUDENT/TEACHER/VISITOR* - Only one choice
- URL link to LinkedIn profile: not required, but recommended
- "I have read and accept the terms and conditions of the Next challenge 2024-2025 game rules*.
Fields marked with * are mandatory fields.
An activation code is sent to the registered email address to activate the account.
Account activation confirms participation as an individual investor in Next Challenge #4.
n addition to Challenge participants, several other categories of people can open an individual profile to follow the progress of the game without having access to the features that allow them to enter the competition:
- School/university teachers
- School/university alumni
- Representatives of sponsors and partners
ARTICLE 3: PARTICIPATION
How to participate in the Next Challenge
Registration for the Next Challenge 2024-2025 is free of charge.
It is available exclusively via the NextWise website www.nextwise.fr on the App Store and Play Store.
Students participate as individual investors AND/OR as a teams forming clubs:
- Whether or not they belong to a club, students can participate as individual investors in the Next Challenge.
- Please note that the Next Challenge 2024-2025 is exclusively for students with an INE number.
- Consequently, any registered person who cannot provide an INE number cannot take part in the Next Challenge and appear in the prize lists.
- Any club whose members are non-students will automatically be eliminated from the competition.
- Only one entry per student will be accepted for the duration of the Challenge.
- It is forbidden for the same person to open more than one profile or to be a member of more than one club. under penalty of exclusion from the Next Challenge of the individual participant and all members of the clubs concerned.
- Any entry that does not comply with the above specifications will not be considered.
- The participant undertakes to provide accurate information about himself/herself, failing which registration will be refused.
- Any entry that is incomplete, inaccurate, falsified, contains false information, does not comply with the rules or is received after the Contest date will be considered null and void and will result in the participant's elimination.
- A student member of a club cannot allocate his virtual allocation to his own club.
- A student can only be a member of only one club.
How to participate in the "Management company internship" application process
The French Asset Management Association (AFG) as part of its renewed partnership for the third edition of the Next Challenge, would like to enable participants in the Next Challenge Edition #4 who are looking for internships to submit their application (with a cover letter and CV) on the NextWise platform.
These applications will be presented to AFG member asset management companies.
NextWise declines all responsibility for any incidents or damages of any kind that may arise from the use of the internship obtained and/or not obtained, which the participating winner expressly acknowledges.
Applying via the NextWise platform in the context of the Next Challenge 2024-2025 is free of charge.
To be eligible to apply, a student must actively participate in the Next Challenge, , , i.e., use his/her virtual portfolio and the functionalities available on the NextWise platform as an individual investor and/or as a member of a club.
Applications can only be submitted via the NextWise platform on the "Management company internship" page.
Applications can only be submitted via the NextWise platform on the "Management company internship" page. The "Stage sociétés de gestion" page, and consequently the application function, is available on the NextWise platform only from December 1 to 15, 2023.
No applications will be accepted after this date..
Applications will be submitted to AFG member asset management companies from JANUARY 2025.
The "Management company internship" page is accessible to individual participants from their individual profile page.
Protection of applicants' personal data by AFG:
a) The purpose of the processing of the candidate's CV and cover letter is "consultation" with a view to "downloading" by AFG member management companies of the CVs and cover letters that have attracted their attention.
b) The legal basis for the processing is the applicant's "consent" to the consultation and downloading of his/her CV and cover letter.
c) With reference to the principle of minimization of personal data:
AFG undertakes to ask member asset management companies to destroy the candidate's CV and cover letter at the end of the internship period.
If the uploaded CV and cover letter do not result in an internship offer, AFG undertakes to ask member management companies to destroy these documents within 30 days at the latest.
d) Violation of personal data:
In the event of a breach of personal data contained in the CV and cover letter, AFG undertakes to ask member management companies to inform the CNIL, the candidate concerned and the NextWise platform's data controller within 72 hours.
The Next Challenge 2024 and the "Management company internship" inerrant application process proposed by the AFG are intended exclusively for students who can provide proof of an INE number:
Consequently, any registered person who cannot provide proof of an INE number cannot take part in the Next Challenge, appear in the rankings and consequently submit an application on " Management company internship " page..
Only one application per student will be accepted for the duration of the Challenge.
It is forbidden for the same person to open several profiles on the NextWise platform in order to submit several applications on the page dedicated to AFG internship offers.
Any application that does not comply with the above characteristics will not be taken into account and will result in the immediate and definitive deletion of the profile on the NextWise platform.
The participant undertakes to provide accurate information about himself: failure to do so will invalidate the registration.
Candidate status is verified at the closing date for applications. Any entry that is incomplete, inaccurate, falsified, contains false information, does not comply with the rules or is received after the date of the Game will be considered null and void and will result in the participant's elimination.
The collection of user data will be centralized on the NextWise platform through a page with dedicated functionalities called within the framework of the challenge: "Stage sociétés de gestion" with the use of the logo of the Association Française de la Gestion Financière (AFG).
The collection of user data is subject to the same principles as the collection of user data as part of the Next Challenge 2024-2025 by the NextWise platform.
The NextWise Company undertakes to allow free use of the data collected in the context of the search for an internship by submitting an application on the "Management Company Internship" page solely and exclusively within the framework of the offer proposed by the AFG partner for management companies that are members of the French Association of Financial Management (AFG).
Each participant must complete the following fields:
On the individual profile page:
- LASTNAME*
- E-Mail*
- CONFIRMED EMAIL*
- BIRTHDAY*
- PROFILE STUDENT*
- URL link to LinkedIn profile: not required, but recommended
- "I have read and accept the terms and conditions of the Next challenge 2024-2025 game rules*.
On the "Management company internship" page:
- In which year are you? * - one choice only
- Select your preferences * - several choices possible.
- Upload cover letter in PDF format only - document must not exceed 5MB **
- Upload cover letter in PDF format only - document must not exceed 5MB **
Fields marked with * are mandatory.
Candidates must validate their application by clicking on the "Submit your application" button.
Once the application has been validated:
It is not possible to modify, delete or add information.
The information entered is displayed on the page until the end of the Next Challenge 2024-2025.
This information is visible only to the profile concerned.
ARTICLE 4: INVESTMENT SCOPE AND ORDER PLACEMENT
Participants can invest in all securities listed on Euronext Paris, Amsterdam, Lisbonne, Oslo, Dublin, Milan and Bruxelles including all types of ETFs.
NB. The Next Challenge is an educational game designed to promote a reasoned and reasonable approach to investment and portfolio management. It is in no way an invitation to speculate, even if leveraged ETFs are available as part of the game, nor a recommendation to invest in any company or product whatsoever.
- The challenge does not give access to derivatives, options and tools for betting on market downturns.
- However, the inverse ETFs, such as the CAC40 inverse ETF x2 , are included in the investment scope.
- There are no transaction fees.
- Dividends are not paid as part of the Next Challenge.
PLACE AN ORDER
- Participants have 24-hour access to their virtual account.
- Participants can place buy or sell orders at any time of the day at the following prices continuously updated with a 15-minute delay :
- Participants have the possibility of modifying the price: real-time share prices are available on Euronext Paris website.
- The order is executed on condition that the price reaches the limit price : equal to or lower than the price set by the participant.
NB: Participants must take into account the available liquidity of the virtual portfolio for pending orders to be executed.
DELETE AN ORDER
- An individual investor may delete an order from his order book otherwise it will be executed as soon as the price reaches your limit price.
- Within the club only the club President can at any time delete an order in his order book, otherwise it will be executed as soon as the price touches the limit price.
ARTICLE 5: VIRTUAL ALLOCATIONS
Individual investors can entrust the management of their virtual allocation to one or more investment clubs of their choice. with the exception of the club to which it belongs.
The allocation cannot be less than €3,000 or more than €30,000.
Clubs seeking allocations from individual investors will not be able to receive them from December 2nd 2024
Individual investors who allocate part of their funds to one or more clubs will only be assessed on the part of their funds allocated to the club which they manage themselves.
NB: Clubs seeking allocations from individual investors should be aware of the advantages and disadvantages of this approach:
- Advantages : The investment base and, consequently, diversification opportunities are broadened.
- Disadvantages: The investment base and, consequently, diversification opportunities are broadened.
ARTICLE 6: SELECTION CRITERIA
Individual investors and clubs are evaluated throughout the duration of the Next Challenge:
The evaluation of individual investors and clubs is based on quantitative criteria and qualitative criteria that differ according to the selected subcategory.
QUANTITATIVE SELECTION CRITERIA :
All categories combined:
- Gross performance
- Risk-adjusted performance = Sharpe ratio
- HHI
- Diversification of the PFV - lines
- Diversification of the PFV- sector
- Diversification ratio
- UCITS rule
QUALITATIVE SELECTION CRITERIA :
All categories combined:
Use of information sources and tools available on the NextWise platform
- Quiz
Club Category - Engagement Fund :
Teamwork through the activity (action vs. reaction) in the Private ChatTeamwork through the activity (action vs. reaction) in the
Communication and Marketing through the activity (actions vs. reactions) in the Club's public chat, including an equitable distribution among club members in the various actions undertaken by it.
- Use of the Dashboard
Club category - Strategy Fund
Teamwork through the activity (action vs. reaction) in the Club's Private Chat, with an equitable distribution among club members in the various actions undertaken by it.
- Use of the Dashboard
Individual Investor Category - Tribe Vibe
Communication via the Chat of the individual profile.
- Use of the Dashboard
DIVERSIFICATION RULES
The Next Challenge is an educational game designed to promote a reasoned and sensible approach to investment and portfolio management. It is in no way an invitation to speculate, even if leveraged ETFs are available as part of the game, nor a recommendation to invest in any company or product whatsoever.
When building their portfolios, participants should keep in mind a few simple ground rules:
Do not place too much emphasis on past performance because past performance is not indicative of future performance.
There is no high performance without high risk. Diversification is essential to spread risk and build sustainable performance.
Give preference to information at the source, on the website of the companies or product promoters.
Beware of information from internet forums and social networks.
Do not hesitate to consult the AMF's sections on investment and portfolio management.
You can also refer to the Universal Registration Document (URD) of the companies to learn about the risk factors associated with each of them. These UDRs can be consulted on the companies' websites.
DIVERSIFICATION RULES FOR INDIVIDUAL INVESTORS
The individual investor must compose his portfolio in the following way:
- Have at least 10 stocks
- Split over at least four different sectors of activity
No single stock may exceed 15% of the portfolio
DIVERSIFICATION RULES FOR CLUBS
The club is based on the prudential rule of 5/10/40 that applies to management companies:
"No more than 10% in any one security,and the sum of securities at more than 5% must not exceed 40%"This rule results in a minimum number of 16 securities in the portfolio.
CRITERIA FOR SELECTING THE BEST VIDEO CLUB:
Clubs can add a presentation video of up to 3 minutes' duration to their profile page.
NextWise posts club presentation videos on the NextWise platform to be voted on by the platform's active community as part of the " Best Video Club Prize"
The Active NextWise Community can "Recommend" the club's presentation video using the "Recommend" feature of this post.
The club with the most "Recommendations" will be awarded the " "Best Video Club Prize".
CLUB ELIGIBILITY :
The participating club is considered only eligible to vote under the following conditions:
- The club has conducted buying/selling from the club's virtual portfolio for 4 consecutive months.
- All club members interacted on the NextWise platform:
- Consulting information sources
- AND post on the club's private chat
- AND post on the club's public chat
- AND submit and/or vote on an order
VOTER ELIGIBILITY :
Only recommendations from the "NextWise active community" will be accepted.
The individual profile has conducted buying/selling from his/her virtual portfolio for 4 consecutive months.
Individual profiles are considered active only under the following conditions:
- Consulting information sources
- AND post on club's public chat
- AND follow-up at least 3 Clubs
- Only one recommendation is possible per individual profile.
- The club members who made the video cannot recommend their own club presentation video.
ARTICLE 7: THE JURY
The Next Challenge jury is composed of investment professionals, key players in the French stock market environment and benchmark issuers.
It is represented by a President.
The President and members of the jury are the natural contacts for participants during the challenge. In this way, they raise the interest of the younger generation in corporate financing and the key role of equities.
The composition of the jury is available on the NextWise website: The Jury
ARTICLE 8: PRIZES
The Next Challenge Edition #4 will conclude on Friday, March 28, for the subcategories Tribe Vibe and Engagement Fund and on Friday, April 11, 2025, for the subcategories Lone Wolf and Strategy Funds at the close of trading on the Paris Stock Exchange: on this date, all rankings are stopped.
After checking the information on individual profiles and club profile members, as well as the results of the prize lists : individual investor and club category winners will be invited to attend.
CONVOCATIONS
Winners will be informed of the ranking by email no later than April 14, 2025.
The winners will be invited to participate in the award ceremony of the Next Challenge, 4th edition, which will be held at the headquarters of Euronext Paris SA, on Thursday, April 17, 2025, starting at 5:00 PM.
In case of no response within 2 days – specifically by April 16 at 6:00 PM - from the time of this notification, NextWise reserves the right to award the lot to the next person on the list..
INDIVIDUAL INVESTOR CATEGORY
6 WINNERS from the subcategories Lone Wolf and Tribe Vibe
To be eligible, must be physically present at the closing ceremony.
CLUB CATEGORY
6 WINNERS from the subcategories Strategy Funds and Engagement Funds
To be eligible, at least 3 members from each club must be physically present at the closing ceremony.
BEST CLUB PRESENTATION VIDEO CATEGORY
1 WINNERS : i.e. all members of the club with the highest number of recommendations from the active NextWise community until Friday, April 11, 2025.
To be eligible, at least 3 members per club must be physically present at the closing ceremony.
PRIZES BY CATEGORY
NextWise declines all responsibility for any incidents or damages of any nature that may arise from the enjoyment of the prize awarded and/or its use, which the winner expressly acknowledges.
INDIVIDUAL INVESTOR CATEGORY
Subcategory Lone Wolf
The first individual investor will receive a prize of €600.00.
The second individual investor will receive €500.00.
The third individual investors will receive an amount of €400.00.
Subcategory Tribe Vibe
The first individual investor will receive a grant of €900.00.
The second individual investor will receive a grant of €800.00.
The third individual investor will receive a grant of €700.00.
The prize will be paid by bank transfer on receipt of the winner's bank details.
CATEGORY CLUB
Subcategory Strategy Funds
The first club will receive an amount of € 3,000.00 divided between each of its members.
The second club will receive €2,500.00, divided between each of its members.
The third club will receive €2,000.00, divided between each of its members.
Subcategory Engagement Funds
The first club will receive a grant of €4,500.00, which will be distributed among its members.
The second club will receive a grant of €4,000.00, which will be distributed among its members.
The third club will receive a grant of €3,500.00, which will be distributed among its members.
The prize will be paid by bank transfer on receipt of the winner's bank details.
BEST VIDEO CLUB CATEGORY
The club will receive an amount of 600.00 € divided between each of its members.
The prize will be paid by bank transfer on receipt of the winner's bank details.
ARTICLE 9: ISSUES AND QUESTIONS
For all inquiries about the Next Challenge, please send an email directly to : [email protected].
ARTICLE 10: RESPONSIBILITY
It is strictly forbidden, by any means whatsoever, to modify or attempt to modify the features of the proposed Challenge, in particular in order to alter the results.
In this respect, NextWise reserves the right to cancel the participation of any person having committed an act of fraudulent intrusion into the Challenge's automated data processing system, punishable by law NextWise reserves the right to terminate the Challenge at any time, without being held liable for any compensation whatsoever, if it appears that obvious fraud has occurred in any form whatsoever during the course of the Challenge. NextWise may not be held liable in any way whatsoever if, in the event of force majeure, events beyond its control or justified necessity, it may shorten, extend, postpone, modify or cancel the Challenge at any time if circumstances so require.
NextWise reserves the right to exclude from the Challenge and to take legal action against any person who has cheated or disrupted the smooth running of the Challenge.
A winner who has cheated will automatically forfeit his or her prize.
NextWise cannot be held responsible for any event for which it is not responsible, in particular in the event of the unavailability of the platform, technical failure making it impossible to continue the Challenge, Internet network malfunctions preventing the Challenge from running smoothly, any technical, hardware or software failures of any kind whatsoever that have prevented or limited the possibility of participating in the Challenge or damaged a participant's system, errors in the routing of documents, their non-receipt or deterioration, or late delivery.
It is the responsibility of each participant to take all appropriate measures to protect his/her own data and/or software stored on his/her computer equipment against any attack. The connection of any person to the platform and participation in the Challenge is made by under the full responsibility of the participants. It is strictly forbidden, by any means whatsoever, to modify or attempt to modify the Challenge devices, in particular in order to modify the results or any element determining the outcome of the Challenge and its winner.
NextWise reserves the right to enforce equal opportunity among all participants, including by legal action or any other means at its discretion.
ARTICLE 11: PROTECTION OF PERSONAL DATA
NextWise attaches the most serious importance to the confidentiality of participants' personal data.
in accordance with the law nº 78-17 of January 6, 1978 as amended (known as the "Loi Informatique et Libertés") and the General Data Protection Regulation 2016/679 of April 27, 2016 (RGPD), NextWise, in its capacity as Data Controller, will automatically process participants' personal data for the purposes of administering the online form, identifying the participant and contacting him/her, subject to your consent on the platform. The data collected via the online form (listed in article 3) will be kept for the period necessary to achieve the aforementioned purposes. The recipients of this data are NextWise's internal departments.
In accordance with the provisions of the aforementioned texts, the participant has a right of access, rectification, deletion, limitation, portability (where applicable) and opposition on legitimate grounds to the processing of data concerning him/her, as well as a right of opposition to prospecting, particularly commercial. These rights may be exercised by sending an e-mail to NextWise : [email protected]
ARTICLE 12: AUTHORIZATIONS
As part of the Next Challenge, the participant authorizes NextWise and its partners to reproduce, publish and display its name and location on all media (including, but not limited to: social networks, sponsor and partner websites, press, mailing, posters, publishing, audiovisual, Internet, etc.) without restriction on use. These mentions will not confer any right to remuneration or other benefit. However, if the winner does not wish his/her data to be used in any way, he/she may request NextWise to prohibit such use.This right may be exercised by sending an e-mail to NextWise : [email protected]
ARTICLE 13: EVIDENCE AGREEMENT
NextWise has put in place the technical means necessary to demonstrate the participation or non-participation of an Internet user in the Next Challenge. It is therefore agreed that, in the absence of manifest error, the data contained in the information systems of NextWise or its service provider have evidential value with regard to connection elements and information resulting from computer processing relating to the Challenge.
It is agreed that, except in the case of manifest error, NextWise may rely, in particular for the purposes of proof of any act, fact or omission, on programs, data, files, records, operations and other elements (such as monitoring reports or other statements) of nature or in computer or electronic formats or media, established, received or stored directly or indirectly by it, in particular in its information systems.
Thus, the elements considered constitute proof and, if they are produced as means of proof by the NextWise company in any litigation or other proceedings, they will be admissible, valid and opposable between the parties in the same way, under the same conditions and with the same probative force as any document that would be established, received or kept in writing.
ARTICLE 14: APPLICABLE LAW AND REGULATIONS
The Next Challenge is governed exclusively by French law. Participants are subject to French regulations applicable to games. Participation in this challenge implies full and unreserved acceptance of the present rules. Any claims or disputes arising from the interpretation or execution of these rules must be submitted, by registered letter with return receipt at NextWise headquarters.
Any dispute arising from this competition that cannot be settled amicably will be referred to the competent courts.
The present rules and legal notices are available online in their entirety on the NextWise website www.nextwise.fr and will be sent by e-mail free of charge to anyone who requests it. No information will be given by telephone, and no postal requests will be taken into account.
ARTICLE 15: AGREEMENT TO THE PRESENT RULES
Participation in the Next Challenge 2024-2025 implies acceptance of the present rules. This acceptance - a mandatory checkbox to be ticked in order to proceed with the account activation request - is required when creating an individual profile on the NextWise platform by ticking the box "I have read and accept the general conditions of the Next challenge 2024-2025 game rules".
Any violation of these rules will result in exclusion from the Next Challenge. In particular, the organizers reserve the right to exclude, without justification, without prior notice and at any time, any participant whose behavior is not in keeping with the spirit of the game.
Any dispute will be dealt with by the organizers at their own discretion. Decisions are final and cannot be appealed.
The organizers reserve the right to shorten, modify or cancel the contest if they deem that circumstances so require. Should such a decision be taken, participants will be informed as soon as possible.
However, such a decision shall not give rise to any claim for liability on the part of SAS NextWise and its partners. The same applies in the event of technical problems before and during the stock market game.
Any changes to these rules will be announced on the competition website. By continuing to take part in the competition, you accept any changes to the rules.