Subject Title - INSETA

Self-Assessment Answers1. When the FAIS Registrar considers the application for an FSP licence,he may:a) refer to the documentation submitted by the applicant onlyb) consider additional information obtained from externalsources without giving the applicant an opportunity tocomment on the informationc) Consider additional information obtained from externalsources provided the applicant was given opportunity tocomment on the informationd) only a) and c)2. The Registrar may impose conditions and/or restrictions on the FSPlicence having regard to:a) all facts and information available to the Registrar pertainingto the applicant and any key individual of the applicantb) the category of financial services which the applicant couldappropriately render or wishes to renderc) any guidelines provided to the Registrar by the AdvisoryCommittee or the Boardd) All the above3. The Registrar may:a) withdraw a licence on application by the licensee or on owninitiativeb) not withdraw or amend conditionsc) pursuant to an evaluation of a new key individual, imposenew conditionsd) only a) and c)4. In order to meet the requirements for displaying a licence, the FSPmust:a) display copies of the licence in a prominent and durablemannerb) display copies of the licence in every head office onlyc) ensure that all business documentation, advertisements andother promotional material refers to the licenced) ensure that all business documentation, advertisements andother promotional material reflect the FSP licence number© INSETA - Section 1 12a 113