RE5 Exam Centurion
Are you ready for Regulatory Examinations?
The FAIS Act and its subordinate legislation prescribe a number of requirements that individuals who provide financial advice/services on behalf of a financial services provider must meet.
One of these requirements is that all financial services providers, representatives and key individuals have to pass the industry’s Regulatory Examinations before certain deadlines.
Lets Study Training Services offers you all the tools you need to succeed in the Regulatory Examinations.
Work through the course material
The FSB advises candidates to spend at least three months preparing for the examination. The good news is that if you are an experienced adviser, you will no doubt be familiar with some of the legislative content.
However, even if you are experienced in financial services, you should not be complacent or underestimate the amount of preparation time and effort that need to be applied to pass the Regulatory Exams.
The Preparation Guides are important as they state the material of the examinations, because they seek to explain what the examination questions will be testing. All examination questions are based upon the material as set out and in addition the Preparation Guides map out exactly where you can discover the appropriate info in the legislation.
Tackle the book thoroughly, chapter by chapter and make detailed notes as you go.
Every question in the question bank for all the regulatory examinations is based on the “qualifying criteria” (or the knowledge column) as described. The questions must be linked to these knowledge requirements otherwise it might not be included in the examination as an examination question.
It is crucial to read the actual legislation. One can not anticipate to be tested on legislation without having actually checked out the legislation. By reading the legislation you will get utilized to the definitions, terms and the manner in which the legislation is drafted. Please be recommended that the exact same terminology and technique is utilized in the examination questions. The questions need to be technically appropriate because the correct legislative terms need to be used at all times. Checking out the legislation will help you to analyze the questions correctly.
Board Notice 194 of 2017 (the “Fit and Proper” Board Notice) came into effect on 1 April 2018 and impacted the RE 1 and RE 5 regulatory exams.
The “Fit and Proper” Board Notice contains amended qualifying criteria for these two exams, resulting in amendments to both the exams as well as the study and preparation material.
Training Material for RE Exams
There are several guides available from different providers including INSETA. It is important to ensure you use updated and correct study material so you don’t get nasty surprises during the exams. Lets Study have compiled a study guide which is available when you attend a workshop or can be ordered online or by calling our offices.
The printed guide contains all the relevant information you will need to study to pass your exams.