All RE5 questions
Key Individual Role of the Key Individual in terms of the FAIS Act
Which of the following persons must write the regulatory examinations?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) A representative who advises clients on investments, and the key individual who oversees them.Correct
- b) A receptionist who only books appointments.
- c) A cleaner employed by the FSP.
- d) A courier delivering policy documents.
Why this is the answer
Regulatory exams are required of representatives who render financial services and of key individuals. Purely administrative staff who never render a financial service are not caught.
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