All RE5 questions
Professional Development CPD Compliance
An FSP fails to ensure that its representatives complete their mandatory CPD hours. Which Fit and Proper requirement has it breached?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Honesty and integrity.
- b) Operational ability.
- c) Competence.Correct
- d) Financial soundness.
Why this is the answer
CPD is the mechanism for maintaining ongoing competence, so neglecting it breaches the competence requirement. It is not about the firm's solvency (financial soundness), its trustworthiness (honesty and integrity) or its systems and resources (operational ability).
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