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Innocent gives every new client a standard disclosure document at the first meeting. Which of the following is NOT a mandatory item that FAIS requires on that disclosure?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) A full account of the representative’s personal qualifications and career history.Correct
- b) The name and registration number of the FSP/business.
- c) The FSP’s contact details, including physical and email addresses.
- d) The categories of service the provider is authorised to render.
Why this is the answer
Mandatory disclosure focuses on identifying the FSP (name, registration number), its contact details, and what it is authorised to do. A detailed CV of the individual representative's qualifications and history is not a prescribed disclosure item.
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