This course is designed to help prepare for the Regulatory Examination for Representatives (RE5) as required by the Financial Advisory and Intermediary Services (FAIS) Act.
Please note that this training focuses on equipping you with the essential knowledge and skills to sit the RE5 exam.
The course does not include the exam itself, but after completing the training, you will be well prepared to take the RE5 exam independently.
A FAIS representative plays a crucial role in the financial services sector by providing advice and intermediary services to clients.
The Regulatory Examination (RE5) for representatives is designed to ensure that representatives have the necessary knowledge and understanding of the FAIS Act and its subordinate legislation, and the Financial Intelligence Centre Act (FICA).
The RE5 training is essential for all FAIS representatives to ensure compliance and uphold the integrity of the financial services industry.
By successfully completing this training and passing the RE5 exam, representatives demonstrate their competence and commitment to ethical and professional conduct.
What will this course enable you to do?
After completing this course, you will have a holistic understanding of the regulatory framework governing FSP’s in South Africa which includes the following outcomes:
Demonstrate understanding of the FAIS Act as a regulatory framework
Contribute towards maintaining an FSP license
Define the role of the Key Individual in terms of the FAIS Act
Adhere to the specific Codes of Conduct
Comply with regulated record keeping requirements
Comply with the requirements of the FIC Act and Money Laundering and Terrorist Financing control regulations, as it applies to the FSP
Dealing with complaints that have been submitted to the Ombud for FSPs
Operate as a Representative in terms of the FAIS Act
Who should register?
Current representatives under supervision looking for training before writing the RE 5
Anyone interested in gaining a comprehensive understanding of the FAIS regulatory environment.
By enrolling in the RE5 training, you are taking a significant step towards ensuring your compliance with FAIS regulations and enhancing your credibility as a financial services professional.
This training will equip you with the knowledge and skills necessary to excel in your role and provide the highest standard of service to your clients.
ADMISSION REQUIREMENTS
No admission requirements.
AVAILABILITY
Students can register online at any time.
Students will receive confirmation of registration and be allowed access to the learning material, once the required payment for the course has been made.
CERTIFICATION
Students will receive a Certificate of Completion for the training once all the assessments have been successfully completed. A pass mark of 66% is required.
This certificate is not a RE5 certificate but a certificate for the completion of our training in preparation of sitting for the Representatives Examination.
The Regulatory Exam 5 must still be written and passed to meet the Fit and Proper Requirements.
Bookings for the RE5 can be done via https://www.faisexam.co.za/nav/
COURSE DURATION
The student will have access to the material for 12 months, however, the study plan outlines a 6-week training plan.
LEANING MATERIAL
Online learning
Learning material will be made available on the Learning Management System (LMS).
Click on the ENROL NOW button
help@mbse.ac.za
ASSESSMENTS
Assessments are done online.