Regulatory Exam Training

Regulatory Examinations were introduced to evaluate the proficiency and practical application of knowledge of financial advisors regarding the regulatory framework of the financial services industry, which includes various legislation such as the FAIS Act, FICA, the General Code of Conduct and other legislation. 

RE5 is the Regulatory Examination for Representatives who provide financial services in the insurance and motor dealer industries. It assesses their competence and ensures they meet the FAIS fit and proper requirements for such a role.

The Regulatory Examination for Key Individuals (RE1) is the exam for persons who wish to be approved as a Key Individual in the financial services industry, and it also serves as a fit and proper requirement for this role.

The regulatory examinations are notorious for being tricky – we know there are tons of terms and concepts which one must master to pass the exam. Let us help you to succeed!

Our training is offered through online courses on our eLearning platform, covering the content outlined in Board Notice 194 of 2017 and its updates. Content is based on the source documents namely the FAIS Act, the General Code of Conduct, Board Notice 194 of 2017 and other legislation to ensure thorough preparation for the examination. Preparation material are included in the course, available as downloadable content. We employ proven study methods and techniques aimed at helping you grasp the complex terms and concepts crucial for passing the challenging Regulatory Examinations. Count on us to support your success!

There are several regulatory examination training programmes available for you to choose from:

  • RE5 and / or RE1 eLearning Training Programmes
  • RE5 and / or RE1 Practice Questions
  • Exam Preparation Training

Registering for the Regulatory Examinations

Although FAIS Forward Academy provides training for the exams, we do not administer them. To take the Regulatory Examinations, candidates must book with Moonstone, the examination body authorized by the Financial Sector Conduct Authority to administer the exams. To register for the applicable exam, visit Moonstone.

Training Methodology

Our training methodology consists of fully online training programs that candidates work through at their own pace. It includes detailed explanations of concepts, along with interactive activities, mind maps, and illustrations to enhance understanding.

Who the course is for?

Financial Services Providers, Representatives and Key Individuals who must write the Regulatory Examination for Key Individuals (RE1) or Representatives (RE5) can benefit from our Regulatory Examination training.

Course duration

3 months access to the online training courses.

Certification

To successfully pass the Regulatory Examination for Key Individuals (RE1) and for Representatives (RE5), a minimum score of 65% is required. After passing the exam, you will receive a certificate from Moonstone as proof of successful completion.

Ready to get started? 

Let us help you take your career to the next level!