FAIS Level 1 RE 5

Are you ready for your Regulatory Examination?
The FAIS Act and its supplementary rules require individuals providing financial advice and services to pass the industry’s Regulatory Examinations. This course aims to help learners to prepare for their Regulatory Examination 5, giving them sufficient practice to pass their Regulatory Examination.  

Are you ready for your Regulatory Examination?
The FAIS Act and its subordinate legislation prescribe that individuals who provide financial advice and services on behalf of a Financial Services Provider must pass the industry’s Regulatory Examinations.
This course aims to assist learners in preparing for their Regulatory Examination 5 and will provide them with adequate knowledge to pass their Regulatory Examination.

This course will address the following topics:

Module 1: An introduction to the Financial Advisory and Intermediary Services (FAIS) Act
Module 2: Key individuals and the fit and proper requirements of representatives in terms of the financial advisory and intermediary services (FAIS) act
Module 3: Debarment
Module 4: Clarifying services under supervision
Module 5: Roles and responsibilities of representatives
Module 6: The role of a representative in maintaining the FAIS licence
Module 7: Obligations under the Code of Conduct
Module 8: Understanding the compliance function
Module 9: Record keeping obligations
Module 10: Scope of FICA and other applicable money laundering laws

Who should complete the course?

Learners preparing for the Regulatory Examination 5 (RE5) should complete this course. This includes ‘All Representatives, including those employed or mandated by an FSP, who render a financial service to a client (excluding a person rendering clerical, technical, administrative, legal, accounting or other service in a subsidiary or subordinate capacity which does not require judgement or does not lead to a specific transaction in respect of a financial product in response to general enquiries)’ (https://www.fsb.co.za/Departments/fais/Pages/Regulatory-Examinations.aspx). These learners should be familiar with the RE5 terminology, possess high-level proficiency in English and be adequately computer literate.

How will learners benefit?

This course is designed to prepare learners for their Regulatory Examination 5 (RE5) and will provide them with adequate knowledge to pass their Regulatory Examination.

Once the course has been completed, learners can test their understanding using the RE5 assessments.