Final answer:
The RESPDAC Code of Ethical Business Conduct does not specifically mention the requirement for sales representatives to complete all Dealer training and study and pass the RESPDAC Dealing Representative Proficiency Course before being registered to sell scholarship plan RESPs. However, it is likely that RESPDAC or other regulatory bodies would require sales representatives to complete training and pass a proficiency course.
Step-by-step explanation:
The RESPDAC Code of Ethical Business Conduct does not specifically mention the requirement for sales representatives to complete all Dealer training and study and pass the RESPDAC Dealing Representative Proficiency Course before being registered to sell scholarship plan RESPs.
However, most financial industry regulatory organizations like RESPDAC have educational requirements for individuals involved in selling specific financial products. These requirements are designed to ensure that sales representatives have a thorough understanding of the product and the relevant regulations before they can sell it to customers.
Therefore, it is likely that RESPDAC or other regulatory bodies would require sales representatives to complete training and pass a proficiency course before being registered to sell scholarship plan RESPs.