If an FSP like PPS offers an incentive trip to its tied financial

planners for a performance target reached, this will lead to a conflict of interest?

If an FSP like PPS offers an incentive trip for its independent brokers

for a target business reached with PPS, this will be a clear conflict of interest?

Choose the correct option: Factors to consider

when assessing whether an actual or potential conflict of interest exists or

may arise: Whether the FSP and/or representative is likely to avoid a financial

loss or make a financial gain that will negatively influence the ability of the

FSP/representative to provide FAIS financial services to a client impartially.

Prominent Influential Persons (PIPs) are

normally the executives of the private sector like CEOs and CFOs and directors,

and they are listed in schedule C of the FIC Act

Which one of the following is not a standard of

PPS RMCP?

PPS is required to apply enhanced due

diligence measures to all clients, regardless of their risk level, under the

Risk-Based Approach (RBA).

Mr X, a PPS Member who is also a PEP, is in

the process of taking up Life and Investment Policies. He has also provided a

list of his beneficiaries as part of the process. The Rep conducts customer due

diligence and client screening on Mr X alone, and thereafter, his policies get

incepted.

Jay Jay IT Solutions, a partnership, would like to take out a product

with PPS INSCO. Would the Business need to conduct customer due diligence (CDD)

before establishing a relationship with this Partnership?

Which one of the following factors is not considered for client risk

rating purposes?

Sophia Mokgadi is a professional model for Vogue with 120 000 followers

on Instagram. Just based on this information of Sophia, would she be a

Political Exposed Person (PEP) or Prominent Influential Person (PIP) for money

laundering purposes.