What are the main categories of financial products regulated under FAIS?

• A. Credit-related products.
• B. Investments, life and non-life insurance, retirement and savings, and credit-related products.
• C. Bank accounts.
• D. Real estate investments.

Answer: (B)

The main concept is understanding how FAIS groups the financial products it covers. FAIS regulates advice and intermediary services across four broad families: investments, life and non-life (short-term) insurance, retirement and savings products, and credit-related products. This framing captures the range of products a licensed financial adviser may provide guidance on, from investment funds and shares to life cover and risk products, from retirement annuities and savings plans to lending and credit facilities. Bank accounts are governed mainly by banking regulation rather than FAIS product categories, and real estate investments aren’t listed as a standalone FAIS product category. Therefore, the option listing investments, life and non-life insurance, retirement and savings, and credit-related products best reflects the FAIS-regulated product categories.