RE5 Topic 6 Quiz 1

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Question 1 of 5

1. Question
Select the incorrect option. The supervision agreement must include which of the following?
- A) The duties and responsibilities of the supervisor and supervised representative.
- B) The criteria against which the supervised representative will be assessed.
- C) The criteria that must be met before the supervisor is to sign off on financial services rendered.
- D) The training needs of the supervisor and supervised representatives.
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Question 2 of 5

2. Question
Choose the incorrect option. As per the exemption notice, a representative can be placed under supervision in which of the following instances?
- A) While obtaining the product specific training requirement.
- B) While obtaining the recognised qualification requirement.
- C) While obtaining the regulatory examination requirement.
- D) While obtaining the class of business training requirement.
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Question 3 of 5

3. Question
Tabo Investments provides face to face advice in respect of unit trusts. Which of the following competency requirements must a representative that never has been appointed as representative before meet before Tabo Investments may appoint the person as a representative?
- i. Grade 10 certificate
- ii. Grade 12 certificate
- iii. Recognised Qualification
- iv. Product Specific training
- v. Class of business training
- A) ii & iv only
- B) I, iii & iv only
- C) ii, iii & v only
- D) iii & iv only
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Question 4 of 5

4. Question
Jane Seno was appointed on 1 February 2012 as representative for Big Bank working under supervision. In March 2014 she moved to City Bank to also work as representative. Until when does Jane have to complete her recognised qualification?
- A) 31 January 2017
- B) 31 January 2018
- C) 1 March 2019
- D) 31 January 2020
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Question 5 of 5

5. Question
Tony has been appointed a supervised representative in Category I Collective Investment Schemes on 1 January 20XX. Tony meets all the qualification requirements. What must the FSP do after a period of one year in this regard?
- A) Tony will remain under supervision has he does not have sufficient experience for this product category.
- B) The FSP must remove Tony from working under supervision as he has sufficient experience.
- C) The FSP must assess Tony to attain if Tony has the required experience in terms of Collective Investment Schemes before removing Tony from working under supervision.
- D) The FSP must obtain the permission from the commissioner before removing Tony from working under supervision.
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RE5 Topic 6 Quiz 1

RE5 Topic 6 Quiz 1

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RE5 Topic 6 Quiz 1

RE5 Topic 6 Quiz 1

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