Subject Title - INSETA

Self-Assessment QuestionsPlease note that the questions which follow are formative in nature. Thequestions were not developed by the FSB‟s examination bodies and as suchcannot be used as an indication of the nature/structure/level of the questionsthat you will encounter in the FSB‟s regulatory examination.1. In terms of the exemption granted for services under supervision,representatives will not have to comply with the:a) honesty and integrity requirements whilst working undersupervision in certain categoriesb) experience, qualifications and regulatory examinationsc) experience, qualifications and regulatory examinations whilstworking under supervision in certain categoriesd) All of the above2. Representatives can only work under supervision if the licensed FSPcan:a) satisfy the Registrar that it has the required financialreserves to facilitate services under supervisionb) satisfy the Registrar that it has the required operationalability to facilitate services under supervisionc) afford to appoint at least five (5) supervisorsd) All of the above3. The duties of a supervisor include the following:a) Sign-off on advice given to clientsb) Do appropriate post-transaction samplingc) Observe selected meetings between the supervisee andcustomersd) All of the above4. The duties of a supervisee include the following:a) Disclose to clients that he is acting under supervisionb) Do appropriate post-transaction samplingc) Ensure that the FSP/key individual takes the necessary actionto protect the client where it is found that the supervisee'sactions may not have been in the interest of the clientd) All of the above94 © INSETA - Section 1 12a