The cut-off date for registration is 11 working days before the date of examination. For this reason, candidates are required to plan carefully, taking into account the possibility that they may have to re-write if unsuccessful at the first attempt. This applies particularly to those who have to write and pass before 30 June 2015.
Kindly also bear in mind that legislative changes will, at some stage, be brought into the exams. Last year, many people were caught unaware, and it was quite a scramble to obtain updated preparation material.
Registration really need not be a nightmare:
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 are available weekdays during business hours (08h00 – 16h30). Call 021 888 9796.
- 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 registrations 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
Important: If payment is done later that the required 24 hours, please follow up telephonically with the Registration Department on 021 888 9796 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.
|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