RE 5 Topic 6 Quiz 2

David is a young adult holding a matric certificate with no previous working experience in any industry. David is interested a sales position with a short-term insurance broker providing financial services to clients telephonically as well as in person. What is David’s prospects in this regard?

The fact that a representative is working under supervision must be reflected in which of the following documents and/or registers?

i). The register of representatives.

ii). The central register of representatives.

iii). The competency register.

iv). The FSP license annexure

Which one of the following role players must ensure that the supervised representative is mentored and coached to acquire the required skills, knowledge and competencies to perform its functions?

Sandy is a representative of Pro Brokers working under supervision with David being appointed as supervisor for Sandy. It came to David’s attention that Sandy recommended a product not suitable to the needs of the client. What must be done in this regard as per the stipulations of the FAIS Act?

Sandy is a representative of Pro Brokers working under supervision with David being appointed as supervisor for Sandy. Which of the following disclosures must be made to a client with regard to the supervision arrangements?