Secondary

Extension of Deadline for RE's

The Financial Services Board (FSB) has today decided to extend the deadline by which persons that fall under the exemption previously granted by the FSB under Board Notice 61 of 2012 were required to successfully complete the first level regulatory examinations, from 30 September 2012 to 31 March 2013.

As a responsible regulator the FSB is of the view that the extension of the deadline is appropriate after having considered all the facts.  It is further important to note that the extension of the 30 September 2012 deadline only applies to those persons who have already demonstrated their commitment to complete the regulatory examinations, i.e. those who have written the examinations at least once before 30 June 2012.

Research conducted by the FSB indicates that one of the reasons why candidates remain unsuccessful, despite several attempts, might be due to the application of incorrect examination techniques.  In order to further assist these candidates, the FSB, in conjunction with other stakeholders, will conduct workshops, the details of which will be communicated shortly.

Despite the above concession, affected persons are urged not to delay their preparation for the regulatory examinations, as this will result in candidates being placed under unnecessary time pressures.  The FSB further encourages employers to support and motivate their staff in their preparation for the examinations.

ENDS-

Media Release  by the Financial Services Board (FSB ) 13 September 2012

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