All RE5 questions
Financial Products Apply knowledge of the financial products and services environment
Which of the following are 'financial products' as contemplated by the FAIS Act? i) Debentures. ii) A money-market fund managed by a fund manager. iii) Warrants. iv) A participatory interest in a collective investment scheme.
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) All four (i, ii, iii and iv).Correct
- b) Only i, ii and iii.
- c) Only ii and iii.
- d) Only ii, iii and iv.
Why this is the answer
Debentures, money-market funds, warrants and participatory interests in collective investment schemes are all financial products under the FAIS Act. The Act's definition is broad and covers all four.
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