All RE5 questions
Financial Products Apply knowledge of the financial products and services environment
Which of the following is a recognised product subcategory under FAIS?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Long-term insurance: subcategory B (and similar long-term subcategories).Correct
- b) General office cleaning services.
- c) Staff catering arrangements.
- d) The FSP’s social-media strategy.
Why this is the answer
FAIS divides products into categories and subcategories such as the long-term insurance subcategories, short-term personal and commercial lines, collective investments, and so on. Office cleaning, catering and social media are not financial products.
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