After completion of the workshop, the learner must complete an electronic assessment of the learning management system.
Upon obtaining a competency mark of 65% the learner will receive a certificate of completion. The learner will be afforded an opportunity to re-do the workshop should a competency mark not be attained.
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The Authority may declare a practice as undesirable on which of the following grounds?
i. The practice has directly harm relationships between FSPs and FSPs.
ii. The practice is likely to indirectly harm relationships between FSPs and clients.
iii. The practice has indirectly harmed relationships between FSPs and the general public.
iv. The practice is likely to directly harm relationships between FSPS and the Authority.
Which one of the following statements regarding the undesirable practice declaration is correct?
The Authority had made the decision to declare a certain practice undertaken by most FSPs as an undesirable practice? The commissioner –
An FSP did not stop a practice after the practice have been declared undesirable. Which ONE of the following actions can the Authority take against the FSP?
Which ONE of the following statements with regard to directives issued by the Authority is correct?
In order to maintain the integrity of the financial service sector, the Commissioner has which of the following powers?
i. Immediate declaration of a general practice by the industry as undesirable.
ii. Declaration of a general practice by the industry as undesirable after a consultation process.
iii. Issuance of a limited directive that does not depart from the Promotion of Administrative Justice Act.
iv. Issuance of a limited direct that may depart form the Promotion of Administrative Justice Act.
Please complete the sentence. A directive issued by the commissioner, takes effect-
Mira Mind is an FSP authorised to provide services in terms of short-term insurance. The commissioner has published a notice of intention to declare a certain practice within this sector undesirable. In terms of the FAIS Act, what is Mira Mind’s position in this regard?
The commission is reviewing a general practice within the financial services industry. Before declaring the practice as undesirable, what is the duties of the Commissioner in terms of the FAIS Act?
Please complete the sentence. If an FSP does not stop a practice after the practice has been declared undesirable, the Authority can impose unlimited penalties, compensation orders and cost orders as per the-
The REready! Pack is designed to be used to prep for RE1 or RE5 or both.
The content for RE1 and RE5 overlaps as both exams test your practical knowledge of the FAIS Act and FICA.
The class is not a facilitator that is going to read the law out of a book for you.
Anna Bouhail contextualizes the content and creates an understanding of basic concepts related to law, the industry, and competency exams.
The class is structured to also instill compliance skills allowing the learner to answer practical questions.