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FIC Feed back

2017 Budget for Regulatory Exams

A number of our corporate clients are in the process of planning for 2017, and have made enquiries as regards the regulatory exams.

Cost Increases

In the nearly six years we have only seen three increases in the cost of the exams. The last one was a 6% increase in April 2015 to the current fee of R1 113. The fee for overseas exams is currently £200. Again, we are not aware of proposed changes by National Treasury to this amount, but budgeting for a 6% increase may be wise.

Please also consider making provision for possible re-writes. You can use statistics from previous years to determine a potential number, and build this into your budget as well, depending on your in-house rules on who pays for re-writes.

June 2017 Deadlines

It is important to ensure that there will be sufficient seats available as the clock starts ticking down. Please allow for the possibility of re-writes, and leave sufficient time for extra learning and re-registration.

Date of First appointment (DOFA) Grid

Representatives’ DOFA RE 5 Deadline
30/06/2014 – 31/12/2014 30/06/2017
01/01/2015 – 29/6/2015 30/06/2017

Please feel free to contact Sheila Olckers on 021 883 8000 if you represent a corporate.

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