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Key learning outcomes covered by RE5 Mock Exam 2
| RE5 Exam Qualifying Criteria for Task 2 |
|---|
| Explain the requirements a FSP must meet to maintain a FSP licence |
| Assist in maintaining a FSP licence by executing the required actions as a Representative, in terms of the Act |
| Discuss the requirements around the display of licences |
| Explain the implications for a Representative if an accreditation is suspended or withdrawn or lapsed in terms of the Medical Schemes Act, 1998, or any other enabling legislation. |
| Explain what is meant by “undesirable practices”. |
| Check that the execution of duties and actions as a Representative does not constitute undesirable business practices. |
| Describe the implications for a Representative if the Authority declares a business practice to be undesirable. |
| Explain the reparation measures available to the Authority if a Representative continues with undesirable business practice. |
| Describe the offenses prescribed by the FAIS Act. |
