All RE5 questions
Financial Products Apply knowledge of the financial products and services environment
Which of the following is NOT a financial product regulated under the FAIS Act?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Ordinary groceries bought at a supermarket.Correct
- b) A long-term insurance policy.
- c) A participatory interest in a collective investment scheme.
- d) A money-market fund managed by a fund manager.
Why this is the answer
FAIS regulates financial products such as insurance policies, collective investments, money-market funds, securities and deposits. Everyday consumer goods like groceries are obviously not financial products.
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