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Code of Conduct Adhere to the specific Codes of Conduct
Under the FAIS General Code of Conduct, which of the following is NOT actually a duty imposed on providers and their representatives?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) A duty to comply with the Employment Equity Act as part of conducting financial-services business.Correct
- b) A duty to act honestly, fairly, with due skill, care and diligence, and in the interests of clients and the integrity of the industry.
- c) A duty to have appropriate resources, procedures and technology to perform the activities professionally.
- d) A duty to render financial services with the required competence and professionalism.
Why this is the answer
The General Code's core duties are about honesty, fairness, skill and care, acting in clients' interests, and having the resources/systems to do the job properly. Employment-equity compliance is governed by separate labour legislation and is not a duty created by the General Code.
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