Candidates are requested to read the information supplied prior to the examinations very carefully.
Of late, we have experienced an increase in candidates who arrive without proper identification. Please bear in mind that this is a professional examination, requiring that candidates identify themselves properly. An ID document, driver’s licence or passport will be accepted for South African citizens. Citizens of other countries must provide a valid passport. Note: No certified copies will be accepted.
In terms of the rules of the FSB, failure to produce the required identification will result in you being unable to write the examination. You will also forfeit the fee paid and will have to re-register again.
How to register for your level 1 exam
To register for the Key Individual Exam, RE 1, or the Representative Exam, RE 5, you will need your ID or passport number, date of birth, FSP number as well as personal, contact and professional details.
Individual bookings can be made by one of the following methods:
- On-line (Click on this link)
- Telephone –our registration call centre is available weekdays during business hours (08h00 – 16h30). Call 021 883 8000.
- Fax – download and complete the registration form and fax to 086 244 3376
Bulk Import for multiple registrations
Multiple simultaneous bookings can be made via a bulk registration process – a minimum of 15 candidates are required to qualify for this option. Contact our registration office on 021 883 8000 for more information.
Payment must be made within 24 hours after registration to confirm your booking
- The Invoice number must be used as reference when making payment
- Fax proof of payment to 086 764 5342
NB: If payment is done later that the required 24 hours, please follow up telephonically with the Registration Department on 021 883 8000 to ensure that the payment was received and your booking confirmed.
Frequently asked RE Questions
|1||What exam must I write?
Both the RE5 and RE1 are Level One exams. RE5 is for Representatives and RE1 for Key Individuals. The RE3 exam is for licence category II candidates.
|2||How much does it cost?
The FSB determines the fee. Currently it costs R1050 per exam, also in the case of a re-write. From 25 April, this increases to R1113.
|3||What preparation material is available?
Fully updated resources are available for those requiring access to the legislation applicable to the regulatory examinations:
|●||Please make sure that you first read the FSB’s Preparation Guide to make sure you follow the right process in preparing. Page seven includes a recent amendment to guide candidates in studying in the correct manner.|
|●||Click on the following highlighted sections to download the relevant updated Inseta learning material for key individuals, RE 1, and representatives, RE 5.|
|●||LexisNexis provides a “Legislation Handbook” together with a “Preparation Guide” containing the qualifying criteria, with a link to the relevant legislation.|
|●||The Juta FAIS Pocket Statutes also contains a CD with a comprehensive list of updated supplementary legislative material for reference purposes.|
|●||The DVD of the FSB’s telematics broadcast on the RE 1 and RE 5 provides a good introduction and overview, and can also be ordered online.|
|4||Where can I write?
Go to: http://www.faisexam.co.za/show_venues
|5||What dates are available?
Go to: http://www.faisexam.co.za/view_schedule
|6||What training is available?
As an Exam body we are not allowed to recommend companies that offer face-to-face Regulatory exam classes. You can try Google for someone in your area.
Bear in mind that this exam tests your knowledge about the laws applicable to the provision of financial advice and intermediary services. The questions are based on very specific qualifying criteria set out in the FSB preparation guide. Any training that does not have this as a basis will not prepare you properly for the exam. Do your own research and don’t just accept what others say.
|7||Where can I buy old question papers?
There are no genuine “old question papers” available. Be very careful when buying such preparation aids as some of those on offer are not in line with the high standard prevailing in the actual exams and often lead to a false sense of knowledge which is sadly exposed when confronted by the actual exam. Follow the guidelines provided in the FSB Preparation Guide and you are far more likely to achieve success.
RE Schedules, Venues and Registration