All RE5 questions
Professional Development CPD Compliance
An FSP fails to ensure its representatives complete their mandatory CPD hours. This is a failure to meet the Fit and Proper requirement for:
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Financial Soundness.
- b) Honesty and Integrity.
- c) Competence.Correct
- d) Operational Ability.
Why this is the answer
CPD is the mechanism for maintaining *ongoing* 'Competence'. An FSP (and its KI) has a duty to ensure its representatives remain competent. Failing to track or enforce CPD is a breach of this duty related to competence.
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