All RE5 questions
Financial Products Apply knowledge of the financial products and services environment
Which licence category is held by an FSP that gives advice and/or renders intermediary services in the ordinary way (the 'standard' adviser category)?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Category ICorrect
- b) Category IIA
- c) Category III
- d) Category IV
Why this is the answer
Category I is the standard category for FSPs that give advice and/or render intermediary services. Category II is discretionary investment management, Category IIA is hedge-fund management, Category III is administrative FSPs.
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