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Fit & Proper FSP License (Fit & Proper/Operational Ability)
Apart from the regulatory exam and a recognised qualification, which competence component must representatives complete for the specific products they advise on?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Class-of-business and product-specific training relevant to those products.Correct
- b) A defensive-driving course.
- c) A first-aid certificate.
- d) Nothing further — the regulatory exam covers all products.
Why this is the answer
Competence also requires class-of-business training and product-specific training for the products the representative deals in, plus ongoing CPD. The regulatory exam tests the framework, not the detailed features of every product line.
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