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What is the purpose of debarment?
Which individual can only be debarred by the FSCA?
What type of conduct will not lead to a debarment of a representative?
Choose the correct statement.
When an FSP debar a representative, the FSP must –
How long is the minimum term of debarment?
What options are available to a representative after receiving a Debarment notification?
A debarment order in respect of a natural person takes effect from;
a) the date on which it is served on the person or
b) if the order specifies a later date, the later date.
The Financial Services Tribunal’s decision to send a debarment order back to the FSP affects a person’s debarment status and the employment status.
The recording of a debarment in the register of representatives translates into an administrative act.
What is the time allowed to make a submission against a debarment order?
Complete the sentence by dragging the missing word from the list supplied.
- FAIS Act
- does not
In terms of section 39 of the ……………. any person aggrieved by a decision of an FSP to debar that person in terms of section 14 may apply for the reconsideration of the decision to the Financial Services Tribunal.
The …………. must enter the name of the representative into the database of debarred representatives.
The administrative action is complete once the debarring ………. takes a decision.
Reason for a debarment must have occurred and became known to the FSP while the person was ………. a representative of the FSP.
A guilty outcome under the LRA ………… automatically leads to a guilty outcome under FAIS.
The Tribunal can only substitute the debarment decision of the FSP with its own decision if the …………. requirements for the FSP’s decision were met in the first place.
It must be ensured that the debarment does not prejudice the ……….. of clients of the representative and that any unconcluded business of the representative is properly concluded.
What does the abbreviation “PAJA” stands for?
On what basis will the Tribunal remit the Debarment matter back to the company for further consideration?
Choose the correct statement.
Choose the correct statement?
Match the term to the description.
- Section 14(2) of the FAIS Act
- Requirement 2
- Section 14(3) of the FAIS
- Application of appeal
- Requirement 1
Requires that the debarment process be lawful, reasonable, and procedurally fair.
Debarment must commence no longer than six months from the date that the person ceased to be a representative of the FSP.
Give a representative an opportunity to make submissions in response to the grounds and reasons for the FSP’s intention to debar him/her
The action of challenging an FSP decision to debar a representative
The reason for the debarment must have occurred and became known to 8 the FSP while the person was still a representative of the FSP
What is the fine for late submission of a debarment?
If I am debarred by my FSP, can I get a job elsewhere?
Choose the correct statement
What does debarment mean?
Which of the following statements are false?