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Fit & Proper FSP License (Fit & Proper/Operational Ability)
Which statement about a representative working under supervision is correct?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) They may render services within the agreed scope while a competent supervisor takes responsibility, and the client should be told of the supervised status where required.Correct
- b) They may render any service, on any product, entirely unsupervised from day one.
- c) They never need to meet competence requirements, even over time.
- d) Supervision continues forever and the requirements never need to be completed.
Why this is the answer
A supervised representative renders services within an agreed scope under a competent supervisor's responsibility, with supervised status disclosed where required, while progressively meeting the competence requirements within the permitted periods. It is neither unsupervised from day one nor indefinite.
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