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Fit & Proper FSP License (Fit & Proper/Operational Ability)
Which of the following is NOT information that an FSP is required to keep on its representative register?
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 prior employment history before joining the financial-services industry.Correct
- b) The names and business addresses of each representative.
- c) The categories of financial product the representative is competent to render services in.
- d) The contractual/mandate relationship between the FSP and the representative.
Why this is the answer
The register must show identifying details, business address, the product categories the representative is competent in, and the nature of the contractual link with the FSP. A representative's earlier, unrelated employment history is not a prescribed register item.
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