All RE5 questions
FAIS Ombud Dealing with complaints submitted to the Ombud for FSPs
Which body hears appeals/reconsiderations of decisions by the FSCA and the FAIS Ombud?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) The Financial Services Tribunal.Correct
- b) The Competition Tribunal.
- c) The Land Claims Court.
- d) The FSP’s internal board.
Why this is the answer
The Financial Services Tribunal provides independent reconsideration of decisions by financial-sector regulators and the FAIS Ombud. The other bodies have unrelated mandates.
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