$[30$ marks$]$

OUESTION $4$

The Financial Advsory and intermediary Act $($FAIS$)$ places a lot of importance on the Complance Oticer position within the structures of a Financial Services Provider $($FSP$)$ Acconting to the Act, a Compliance Officer has to be "Fit and Proper" Discuss the Five fit and proper requirements under the Acl and explain the importance of these requirements in the in th notent al nsk$.$ management