Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 . Derek is the managing director of ExcelPlan ( Pty ) Ltd ( ExcelPlan ) , an authorised financial services provider ( FSP )

1. Derek is the managing director of ExcelPlan (Pty) Ltd (ExcelPlan), an authorised financial services provider (FSP), in terms of the Financial Advisory and Intermediary Services Act 37 of 2002(the FAIS Act), to provide Category I financial services (advice and intermediary services), which provides holistic financial planning services. Which of the following statements is correct?
(i) Derek may authorise ExcelPlan's director of operations, Dumisani, to act as information officer.
(ii) Assuming that Dumisani is acting as ExcelPlan's information officer, he must comply with the Protection of Personal Information Act 4 of 2013(the Act).
(iii) ExcelPlan's compliance officer has a regulatory obligation to ensure that a compliance framework relating to the protection of personal information is developed, implemented, and maintained.
(ii)
(i) and (ii)
(ii) and (iii)
(i),(ii) and (iii)
None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions