RE5 Topic 3 Quiz 1

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?