CMFAS RES5 Balanced Scorecard & Remuneration question: balanced scorecard grade of E

CMFAS RES5Balanced Scorecard & Remuneration

Under FAA-G14, which measure applies to a representative assigned a balanced scorecard grade of 'E'?

A The supervisor accompanies the E representative for a minimum of five closed sales
B The E representative is immediately terminated
C The E representative may resume a supervisory role after three months
D The ISA Unit ceases all checks on the E representative to avoid duplication

Show the answer and explanation

Answer: A. The supervisor accompanies the E representative for a minimum of five closed sales

Close supervision of an E representative includes the supervisor accompanying the rep for a minimum of five closed sales, the ISA Unit conducting full-scale post-transaction checks on every transaction for at least three months, and the rep holding no supervisory/managerial role for at least one year.

Common mistake

The figure is five closed sales (not three), and the no-supervisory-role period is at least one year (not three months).

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Original study material mapped to the public CMFAS RES5 syllabus. Unofficial, not endorsed by MAS or SCI. Verify figures and rules against current guidance before relying on them.