All RE5 questions
Financial Products Apply knowledge of the financial products and services environment
When categorising products under the FAIS Act, which of the following is NOT a recognised product subcategory?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) “General office administration” as a financial-product subcategory.Correct
- b) Short-term insurance: personal lines.
- c) Friendly Society benefits.
- d) Securities and instruments.
Why this is the answer
Short-term insurance personal lines, Friendly Society benefits and securities and instruments are all genuine FAIS product subcategories. 'General office administration' is not a financial product and is therefore not a subcategory.
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