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Fit & Proper FSP License (Fit & Proper/Operational Ability)
Over the past CPD cycle Kabelo, a representative authorised for investments, did several things. Which of these would his key individual NOT be able to count towards Kabelo's continuous professional development (CPD) hours?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Sitting and passing the regulatory examination required of representatives.Correct
- b) Attending a full-day accredited workshop on the tax treatment of investments.
- c) Completing a structured, assessed self-study module on recent investment-tax changes.
- d) Attending an accredited seminar on financial crime and its impact on advisers.
Why this is the answer
CPD is about ongoing, structured learning that keeps an already-qualified person current. Passing the regulatory examination is a fit-and-proper competence requirement, not a CPD activity, so it cannot be counted. Accredited workshops, assessed self-study and relevant seminars are all valid CPD.
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