You know the work. You read the question. Then you see four statements labelled i to iv, and four options that look almost the same: "i, ii and iii only", "i, ii and iv only". This is where many RE5 and RE1 candidates lose marks they should have kept.
Roman numeral questions are not harder because the law is harder. They are harder because you must be right about every statement at once, and the options are built so that one small doubt pulls you to the wrong combination. The good news: with a method, they become some of the most reliable marks in the paper.
What a Roman Numeral Question Looks Like
The question gives you a set of statements, numbered i, ii, iii and iv. The options are combinations of those statements. You must choose the combination that contains every correct statement and nothing else.
- Written notice of the intention to debar, with the grounds and reasons
- A copy of the FSP's debarment policy
- Skipping the representative's submission because the misconduct was fraud
- A reasonable opportunity to make a submission
- i, ii and iii only
- i, ii and iv only
- ii, iii and iv only
- i, ii, iii and iv
Statement iii is the trap. Even serious misconduct, such as fraud, does not remove the need for a fair process. The answer is B: i, ii and iv only.
The 4-Step Method
- Read the stem twice and find the instruction. Is it asking which statements are correct, or which are incorrect? Many marks are lost by answering the opposite question. Circle that word in your mind before you read a single statement.
- Judge each statement on its own, before you look at the options. Mark each one true, false or unsure. Do not let the options tell you what to think. The options are designed to make a wrong statement look like it belongs.
- Use your certain statements to eliminate. One statement you know is false removes every option that contains it. One statement you know is true removes every option that leaves it out. You often reach the answer without ever deciding on the statement you were unsure about.
- Check the word "only". "i, ii and iv only" means iii is wrong. Before you commit, ask yourself: am I sure the statement left out is really false?
The Traps That Cost the Most Marks
1. The "almost true" statement
A statement can be 90% right and still be false. Watch the numbers and the starting points. For example: an FSP's audited financial statements are due no later than four months after its financial year end, unless the FSCA allows longer (FAIS section 19). A statement that says "six months", or "four months after the audit", is false, even though most of it sounds familiar.
2. Absolute words are a warning, not a rule
Words like always, never, automatically and immediately deserve a second look, because many wrong statements use them. But do not strike them out blindly. "A representative may never sub-delegate the rendering of financial services" is correct. Check the fact, not the word.
3. The reverse question
"Which of the following is NOT correct?" or "All of the following apply, except". In a Roman numeral version, you are looking for the combination of false statements. Step 1 of the method protects you here.
4. The "all of the above" pull
"i, ii, iii and iv" feels safe when every statement sounds reasonable. It is sometimes right, and that is exactly why it is a strong distractor. Only choose it when you have actively confirmed every statement, not just failed to find a problem with them.
5. Spending too long
RE5 gives you 2 hours for 50 questions, about 2.4 minutes each. RE1 gives you 2.5 hours for 80 questions, under 2 minutes each. A Roman numeral question can eat 5 minutes if you re-read every option. Use elimination, flag it if you are stuck, and come back.
Practise Now: 3 Questions
Try these with the 4-step method. Judge each statement first, then eliminate. Tap to reveal each answer.
- Known premature cancellations of transactions or financial products
- Complaints received, and whether each was resolved
- Every client's monthly salary slip
- Cases of non-compliance, and the reasons for them
- i, ii and iii only
- ii, iii and iv only
- i, ii and iv only
- i, ii, iii and iv
Show the answer
C: i, ii and iv only. Section 18 is about compliance records: cancellations, complaints, continued compliance, non-compliance and representatives' compliance. Salary slips are not on the list. Knowing iii is false removes A, B and D straight away.
- A written contract that sets out the service levels
- Backup facilities that are tested periodically
- Access for the FSP to the data related to the outsourced function
- Key decision-making handed over to the service provider
- i, ii and iii only
- ii, iii and iv only
- i, iii and iv only
- i, ii, iii and iv
Show the answer
A: i, ii and iii only. Under Board Notice 194 of 2017 (section 39), outsourcing may never remove key decision-making from the FSP, and the FSP must supervise the provider. Statement iv is false, which removes B, C and D.
- The FSP needs at least one key individual for each class of business
- One person may be the key individual for several classes, if approved for all of them
- The FSP must have a fixed physical business address
- The FSP's accounting records must be brought up to date monthly
- i, ii and iii only
- i, iii and iv only
- ii, iii and iv only
- i, ii, iii and iv
Show the answer
D: i, ii, iii and iv. All four are correct (Board Notice 194 section 36, and FAIS section 19). This is the question that tests trap 4: "all of them" is right here because every statement was confirmed, not because it felt safe.
Quick Recap
- Find the instruction first: correct, or incorrect?
- Judge every statement on its own before you read the options
- Let one certain statement eliminate options for you
- Check what "only" leaves out
- Absolute words are a warning, not an automatic wrong answer
- "All of them" needs every statement confirmed
Turn the Method Into a Habit
The RE Mastery Hub app's topic quizzes and full Blueprint Exams include Roman numeral and reverse questions, written in the real exam style, with an explanation for every answer.
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