All RE5 questions
Key Individual Role of the Key Individual in terms of the FAIS Act
George provides only generic financial-literacy training and never deals with clients on specific products; Thandi advises clients on which retirement product to buy; Sipho is a key individual. Who must write the regulatory examinations?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Thandi and Sipho.Correct
- b) George only.
- c) Sipho only.
- d) All three.
Why this is the answer
Regulatory exams are required of representatives who render financial services (Thandi advises on products) and of key individuals (Sipho). George, who only delivers generic training and never renders a financial service to clients, is not caught.
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