FSB releases latest news on REs

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Fais Circular 7/2012 of 22 May 2012 contains the following information regarding the Regulatory Examinations:

  • Confirmation of the deadlines for each of the level 1 examinations to ensure that there are no misunderstandings or misconceptions regarding the deadlines.
  • Afrikaans examination dates and venues.
  • An explanation of the registration process and the information that candidates must supply in order to register.
  • The cut-off date for registrations for those that need to write the examination by 30 June 2012.
  • An update on the statistics for the examinations.

Please click here to download a copy of the circular. Look under FAIS Circulars and Board Notices.

The following cautionary note must please be read very carefully by those who have yet to register. The majority of enquiries, problems and complaints we receive are as a result of these steps not being followed correctly:

  • Candidates must please ensure that they register for the correct examination. (Please refer to the last page of this circular for a description of each of the examinations that will assist in the correct identification of examinations. Please note that this information is also available on the FSB website.)
  • Candidates cannot register for one examination, and then demand to write a different examination on the day that the examination is scheduled to take place. The examinations are couriered to the examination venues, and therefore there are no “extra” examinations for candidates that may have registered for the incorrect examination. Payments for the examination(s) must be made on time and the correct reference number must please be used to avoid any delays. The examination fee is R900 per examination. To avoid cancellation payment must be received (more than) 10 working days before the exam date.
  • It is advisable that candidates arrive at the venue at least 30 minutes before the examination sessions is due to commence in order to ensure that they are calm and relaxed when the examination sessions starts, and that all the relevant administration can be completed.
  • Candidates must ensure that they register with their barcoded identity document and not with the old version of identification as this old version cannot be validated which causes a significant delay when uploading and releasing the results of the examination.
  • Candidates need to ensure that they read their registration notification (contact the examination body immediately if notification details are not correct) and take a printed copy of the updated notification to the examination venue. Please do not use the tax invoice as proof of registration as this document does not contain all the relevant registration information required.

The statistics contained in the circular will no doubt evoke a lot of emotion and deductions. We will comment on this in our newsletter on Monday (to be published on Moonstone [online] by Tuesday)