Question: RichPlan ( Pty ) Ltd ( RichPlan ) is an authorised financial services provider ( FSP ) , in terms of the Financial Advisory and
RichPlan Pty Ltd RichPlan 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 and Category II financial services discretionary intermediary services Which of the following statements are correct?
i RichPlan only has one key individual recently resigned from RichPlans employment. The Financial Sector Conduct Authority FSCA may suspend RichPlans authorisation as an FSP until a new key individual for RichPlan is approved by the FSCA.
ii RichPlan has identified a suitable key individual, for whom it wants to apply to the FSCA for approval as its only key individual. The person was a manager at a retirement fund administrator for years, which was not authorised as a Category I, or Category II FSPThis will suffice in meeting the experience requirements for key individuals.
iii RichPlan must disclose its key individuals names and contact details in its disclosure documents.
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