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Fit & Proper FSP License (Fit & Proper/Operational Ability)
Continuous professional development (CPD) under the fit-and-proper requirements is best described as:
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Optional reading with no minimum and no record-keeping.
- b) A one-off course taken once in a career and never repeated.
- c) A recurring obligation to complete a minimum number of relevant, often accredited, CPD hours each cycle to stay current.Correct
- d) The same thing as passing the regulatory examination.
Why this is the answer
CPD is an ongoing, cyclical requirement: a minimum number of relevant CPD hours must be completed each cycle and recorded, keeping already-qualified people current. It is neither a once-off course nor the regulatory exam.
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