Subject Title - INSETA

Self-Assessment Answers1. Debarment means to remove:a) a representative, under certain circumstances, fromrendering financial services to clientsb) an FSP, under certain circumstances, from renderingfinancial services to clientsc) a compliance officer, under certain circumstances, fromproviding compliance service to clientsd) All the above2. When debarring a person, the FSP must:a) ensure that unconcluded business of the representative isproperly concludedb) take immediate steps to ensure that the debarment does notprejudice the interests of the clients of the representativec) Get the permission from the FAIS Registrar in writingd) a) and b)3. May an FSP use information obtained from external sources to debara person?a) Yesb) Noc) Sometimesd) Only if the debarred person agreed.4. May the FAIS Registrar debar a person?a) Nob) Sometimesc) Yesd) Only if the debarred person agreed5. There should be documented processes in place to record:a) the CPD hours and related activities of representativesb) compliance by representatives and key individuals with theapplicable fit and proper requirementsc) the categories and products which representatives and keyindividuals are authorised to provide intermediaryservices ford) All of the above© INSETA - Section 1 12a 123