All RE5 questions
Key Individual Role of the Key Individual in terms of the FAIS Act
Part of a key individual's oversight role includes which of the following in relation to representatives under supervision?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Ensuring appropriate supervision arrangements are in place so supervised representatives render services properly while completing their competence requirements.Correct
- b) Guaranteeing that supervised representatives never make a single mistake.
- c) Personally sitting the RE5 exam on each representative’s behalf.
- d) Removing all supervision immediately to speed up sales.
Why this is the answer
A KI must ensure proper supervision arrangements so that supervised representatives operate within their scope and competence while working towards full competence. The KI cannot sit exams for others, nor abolish required supervision.
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