Question: 1 . BrilliantPlan ( Pty ) Ltd ( BrilliantPlan ) is an authorised financial services provider ( FSP ) , in terms of the Financial
BrilliantPlan Pty Ltd BrilliantPlan is an authorised financial services provider FSP in terms of the Financial Advisory and Intermediary Services Act of the FAIS Act to provide Category I financial services advice and intermediary services Tony is appointed as a representative of BrilliantPlan. Which of the following statements is correct?
i BrilliantPlan is responsible for Tony's activities performed within the scope of his service contract, or mandate, with BrilliantPlan.
ii Tony recently completed productspecific training in respect to the participatory interests of a specific product supplier in hedge funds. The training certificate Tony received indicates that the training constitutes continuous professional development CPD hours. Tony may count these hours towards meeting his minimum CPD hour requirements in terms of Board Notice of : Determination of Fit and Proper Requirements.
iii BrilliantPlan has appointed Tony as its representative in respect of various subcategories. Tony is not rendering services under supervision in respect of these subcategories. BrilliantPlan also appoints Tony to render services under supervision with respect to participatory interests in hedge funds. Since Tony is not rendering financial services under supervision for most of the subcategories for which he has been appointed, he does not need to disclose to clients that he is rendering financial services under supervision in respect of participatory interests in hedge funds.
i
i and ii
i and iii
iii and iii
None of the above
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