All RE5 questions
Financial Products Apply knowledge of the financial products and services environment
Under the FAIS Act, who qualifies for a Category IIA licence?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) A discretionary (Category II) investment manager that does not run hedge funds.
- b) An administrative financial services provider.
- c) A hedge fund financial services provider.Correct
- d) An assistance-business funeral provider.
Why this is the answer
Category IIA specifically covers hedge fund FSPs. Ordinary discretionary management is Category II, administrative platforms are Category III, and assistance-business funeral cover is dealt with under the Category I product subcategories, not IIA.
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