RSK4802 Assignment 2 2024 - DUE 28 October
2024
Governance, Risk and Compliance Management
The Financial Advisory and Intermediary Act places a lot of importance on the
Compliance Officer position within the structures of a Financial Services Provider (FSP).
According to the Act, a compliance officer must be “fit and proper." Discuss the five fit
and proper requirements under the Act and explain the importance of these
requirements in the context of risk management.
, TABLE OF CONTENTS
Question: The Financial Advisory and Intermediary Act places a lot of importance on the
Compliance Officer position within the structures of a Financial Services Provider (FSP).
According to the Act, a compliance officer must be “fit and proper." Discuss the five fit
and proper requirements under the Act and explain the importance of these
requirements in the context of risk management.
INTRODUCTION
Personal Character Qualities of Honesty and Integrity
Competence and Qualifications Operational Ability
Financial Soundness
Capability to Hold Office
Reputation and Character
CONCLUSION
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