1.
Consumers of financial products have the right to complain about any inappropriate advice given or service rendered in relation to a particular financial product. WHAT IS THE CORRECT AMOUNT FOR THE COMPLAINT TO BE CONSIDERED BY THE OMBUD IF THE LOSS WAS BEFORE 1 JULY 2024? Choose the TRUE amount.
1 out of 10
2.
A Compliance Officer has certain responsibilities. CHOOSE THE INCORRECT STATEMENT.
2 out of 10
3.
Agnes wants to apply for a position as a Representative at a bank. WHICH OF THE FOLLOWING STATEMENTS ARE TRUE WITH REGARD TO AGNES BEING FIT AND PROPER:
i. Agnes will not meet the "honesty and integrity" requirements if she was found guilty by any statutory professional body or voluntary professional body (whether in the Republic or elsewhere) recognised by the FSB, of an act of dishonesty, negligence, incompetence or mismanagement, sufficiently serious to impugn the honesty and integrity of the Representative, within three years before the date of appointment by the FSP.
ii. Agnes will not meet the "honesty and integrity" requirements if she has been denied membership of any statutory professional body or voluntary professional body because of an act of dishonesty, negligence, incompetence or mismanagement, sufficiently serious to impugn the honesty and integrity of the Representative, within five years before the date of appointment by the FSP
iii. Agnes will not meet the “honesty and integrity” requirement if she had been a sole proprietor FSP who had its authorisation to carry on business/any license granted been withdrawn or suspended by any regulatory or supervisory body because of an act of dishonesty, negligence, incompetence or mismanagement sufficiently serious to impugn the honesty and integrity of the Representative within five years before the date of appointment by the FSP.
iv. Agnes will not meet the "honesty and integrity" requirements if she was found guilty by any statutory professional body or voluntary professional body (whether in the Republic or elsewhere) recognised by the FSB, of an act of dishonesty, negligence, incompetence or mismanagement, sufficiently serious to impugn the honesty and integrity of the Representative, within five years before the date of appointment by the FSP.
3 out of 10
