All RE5 questions
Fit & Proper FSP License (Fit & Proper/Operational Ability)
Under the fit-and-proper competence requirements, which component is specifically tested by the regulatory examination (RE5) for representatives?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) The representative’s personal credit score.
- b) The product supplier’s profitability.
- c) The representative’s typing speed.
- d) Knowledge of the regulatory framework (the legislation and a representative’s duties under it).Correct
Why this is the answer
The level-1 regulatory examination (RE5 for representatives) tests knowledge of the regulatory framework and the obligations it imposes. It is distinct from qualification, product-specific training, experience and CPD, which address other competence elements.
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