All RE5 questions
Financial Products Apply knowledge of the financial products and services environment
In the FAIS Act, the term 'product supplier' refers to the entity that:
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Publishes general financial information through mass media.
- b) Audits the FSP’s annual financial statements.
- c) Issues or offers the actual financial product, such as an insurer or asset manager.Correct
- d) Provides the FSP with office stationery and equipment.
Why this is the answer
A product supplier creates, issues or stands behind the product itself — an insurer for a policy, an asset manager for a unit trust. It is not an office-supplies vendor, a media publisher, or the FSP's auditor.
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