All RE5 questions
POPIA Data Protection Privacy
What is the main purpose of the **Protection of Personal Information Act (POPIA)**?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) To regulate how all public and private bodies process personal information and to protect data subjects from harm.Correct
- b) To prevent organized crime and money laundering.
- c) To ensure all financial advice is suitable.
- d) To regulate the prudential soundness of banks.
Why this is the answer
POPIA (or POPI Act) is South Africa's primary data protection law. It governs how 'personal information' must be lawfully processed (collected, stored, used, and destroyed) by responsible parties (like FSPs).
Want to test yourself on 700+ more questions like this?
Start your free RE5 simulator today — timed mock exams, full answer explanations and cloud-synced progress tracking.