RE 5 Topic 4 Quiz 3

If a business meets the fit and proper requirements applicable to a specific category and product category, the Authority –

On approval of a FSP’s license, the FSP has certain responsibilities regarding the license. Which of the following must be adhered to by the FSP?

i) The FSP must display a copy of the license in a prominent and durable manner at the head office and all other branches.

ii) Ensure that a reference to the fact that such a license is held is contained in all business promotional material and other documentation.

iii) Ensure that the license is at all times available within a reasonable time for production to a third party FSP.

iv) Ensure that all registered representatives have a certified copy of the license to confirm to clients that the FSP is authorised.

Which of the following requirements with regard to record keeping must be met by an FSP in terms of the FAIS Act?

Choose the incorrect option. Which one of the following FSPs adhere to the record keeping requirements in terms of the FAIS Act?

Which of the following statements with regard to the duties of the Authority before the suspension or withdrawal of a license are correct?