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Professional Development FAIS Act CPD
What is the minimum number of Continuous Professional Development (CPD) hours required for a Representative who renders services in a single sub-category in a single class of business?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) 3 hours
- b) 6 hoursCorrect
- c) 12 hours
- d) 18 hours
Why this is the answer
The Fit and Proper requirements state that a representative must complete a minimum of 6 CPD hours per cycle for one sub-category. The requirement increases to 12 hours for multiple sub-categories and 18 hours for multiple classes of business.
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