The .... must discuss premiums and what the client wants and can afford to pay each month.

The ....... must explain the product in detail and accurately.

One of the main objectives of FAIS is to protect the interests of consumers.

You need to be able to manage your finances before you can advise other on how to manage theirs.

The objectives of FAIS and FICA are the same.

If you do not comply with any of the FAIS Fit and Proper requirements or you break the law (the FAIS Act) in a material way you will be debarred.

The objective of FAIS is to protect the financial services industry.

You are allowed to give advice to a client before you conduct the FNA if that client is your friend.

When a Representative does not meet the Competence Fit and Proper requirements, they will be given a chance to work under supervision until he/she becomes compliant

Where a financial product is being replaced by another financial product held by the client, full disclosure must be made of the actual and potential financial implications, costs and consequences of the replacement.

Giving the client false information is prohibited by the FAIS act.

In terms of the FAIS Act nobody is allowed to render financial services regarding financial products without being authorised as a financial services provider or appointed as a Representative of an authorized provider.

If you are prosecuted and are convicted, you will be liable to Imprisonment for up to 15 years