All RE5 questions
Fit & Proper FSP License (Fit & Proper/Operational Ability)
Thandeka maintains the representative register at her FSP. A representative's licensed category changes this week. By when, and to whom, must the updated register be submitted?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Within 15 days, to the FSCA/Registrar.Correct
- b) Within 7 days, to the FSCA/Registrar.
- c) Within 21 days, to the National Treasury.
- d) Within 10 days, to the FAIS Ombud.
Why this is the answer
Profile changes affecting representatives — including a change in licensed category — must be captured in the register and the updated register submitted to the FSCA within 15 days. The Ombud and Treasury are not the recipients of register updates.
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