All RE5 questions
Record Keeping Comply with regulated record keeping requirements
An FSP loses client records to a system crash and has no backup. Which Fit and Proper requirement is fundamentally compromised?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Operational ability (business continuity and controls).Correct
- b) Financial soundness.
- c) Honesty and integrity.
- d) Competence.
Why this is the answer
The ability to keep records securely — with backups and disaster recovery — is part of operational ability. Losing data for want of a backup is an operational-control failure, not a solvency, integrity or competence issue.
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