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TCF Adhere to the specific Codes of Conduct
Under TCF, a product provider designs an investment aimed at retirees seeking income. Which TCF outcome does this most directly serve?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) Outcome 5 — products perform as customers were led to expect.
- b) Outcome 2 — products and services are designed to meet the needs of identified customer groups.Correct
- c) Outcome 3 — customers are given clear information before, during and after the sale.
- d) Outcome 6 — customers face no unreasonable post-sale barriers.
Why this is the answer
Designing and targeting products for identified customer groups is TCF Outcome 2. Outcome 3 concerns clear information, Outcome 5 concerns performance matching expectations, and Outcome 6 concerns post-sale barriers.
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