RE Revision Test

Whats the full name of the main law that regulates companies and individuals in the financial services sector in South Africa?

In 2017 South Africa adopted a 'Twin Peaks' model of financial services regulation. What do you understand by the term 'Twin Peaks'?

List the 5 FAIS Fit and Proper Requirements.

A FAIS Rep is required to satisfy 5 Competency Requirements in order to be Fit and Proper. List these.

What is the purpose of Continuous Professional Development (CPD) and how is it attained?

Define, in your own words, Operational Ability according to FAIS.

Define, in your own words, Financial Soundness according to FAIS.

Define Product Specific Training.

Define Class of Business (CoB) Training.

Besides the FAIS Act 37 of 2002, name three other pieces of legislation that the Regulatory Exams are based on?