1.
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if she had been a sole proprietor FSP who had its authorisation to carry on business/any license granted been withdrawn or suspended by any regulatory or supervisory body because of an act of dishonesty, negligence, incompetence or mismanagement sufficiently serious to impugn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.
1 out of 10
2.
Disclosure requirements are probably one of the most important aspects of a financial service that an FSP renders to its clients. As a Representative, you need to understand what is required from you in terms of disclosure. WHICH OF THE FOLLOWING DISCLOSURE REQUIREMENTS MUST BE ADHERED TO?
2 out of 10
3.
In order to determine the client’s requirements the FSP/Representative would have to do a need analysis for the client. This would include specific information that the FSP/Representative would need to get from the client. WHICH STATEMENT IS FALSE AND IS NOT REQUIRED?
3 out of 10
