All RE5 questions
Fit & Proper FSP License (Fit & Proper/Operational Ability)
What is the principal purpose of the regulatory examinations (such as RE5) in the fit-and-proper framework?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) To test the candidate’s physical fitness.
- b) To replace the need for any product-specific training.
- c) To test the candidate’s sales ability.
- d) To test that representatives and key individuals understand the regulatory framework and their obligations under it.Correct
Why this is the answer
The regulatory exams assess knowledge of the regulatory framework and the duties it imposes — a competence component distinct from qualifications, product-specific training and CPD.
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