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Fit & Proper FSP License (Fit & Proper/Operational Ability)
Ayanda is a representative working under supervision while she completes her competence requirements. Which statement is correct?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Clients need not be told, because supervision is an internal arrangement between her and the FSP.
- b) Clients must be told that she is acting under supervision, and supervision does not extend her deadlines.Correct
- c) Clients need not be told, provided her supervisor countersigns every record of advice she produces.
- d) Clients must be told, and she may stay under supervision for as long as her supervisor considers necessary.
Why this is the answer
The General Code requires a provider to disclose where a representative is rendering services under supervision. Supervision is the mechanism that lets a person work while completing requirements; it does not suspend the fixed periods for the regulatory examination and qualification, and a supervisor cannot extend them.
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