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Financial Products Apply knowledge of the financial products and services environment
Four representatives each deal in one product only: Asha: funeral policies. Ben: retirement annuities. Cebo: unit trusts. Deon: friendly society benefits. Which of them must pass the RE5?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Ben and CeboCorrect
- b) Ben only
- c) Asha, Ben and Cebo
- d) All four
Why this is the answer
The RE5 is required for representatives who render services on Tier 1 products, which include retirement annuities and participatory interests in collective investment schemes. Funeral policies and friendly society benefits are Tier 2 products, so Asha and Deon are exempt.
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