Moonstone receives many queries about the deadline for Regulatory Exam requirements. To answer this and all FAIS related questions, FSPs and Representatives always need to take note of all Notices released by the FSCA: updates, exemptions and withdrawals of previous Notices. FAIS Notice 86 of 2018 states that a supervised Representative must complete the applicable […]
“My DOFA date is 1st August 2016. Is my deadline to pass the Regulatory Exam 30 June 2019?” Moonstone receives many queries about the deadline for Regulatory Exam requirements. To answer this question and all FAIS related questions, FSPs and Representatives always need to take note of all Notices released by the FSCA; updates, exemptions and withdrawals of previous […]
The table below indicates who has to successfully complete the Regulatory Exams by 30 June 2018. Representatives’ DOFA RE 5 Deadline 30/06/2015 – 31/12/2015 30/06/2018 01/01/2016 – 29/06/2016 30/06/2018 30/06/2016 – 31/12/2016 30/06/2019 DOFA refers to your date of first appointment. For instance, if you were appointed on 1 September 2015, you actually have two years and nine months […]
30 June 2017 is the so called DOFA date for candidates who are obliged to write and pass the Regulatory Examinations (REs) within the prescribed period. A candidate’s date of first appointment (DOFA) refers to the time a person was first appointed in the industry. This is regarded as the point of departure to determine […]
This article, published in September last year, is even more relevant today. A reader recently wrote: My query relates to the article headed “Qualification deadline at hand – 30 June 2016 is a very important date”. I understand that representatives appointed after 2010 has 6 years in which to obtain a qualification by writing the Regulatory Exam. […]
As the end of June draws near, availability for seats to write the exams before the DOFA deadline are becoming increasingly scarce. It is not only those who have to write before 30 June. A number of candidates who failed to pass at the first attempt are registering to write again before the deadline. As usual, […]
That dreaded date is baring its fangs again. Representatives A representative’s Date of First Appointment (DOFA) determines when he or she has to successfully complete the regulatory exam for representatives RE 5. This means that, if you were appointed between 1 January 2015 and 30 June 2015, you are obliged to pass the RE 5 before 30 June 2017. Past experience shows that […]
Vetting the date of first appointment of applicants and appointees is an important part of compliance. FAIS Newsletter 20, published on 19 May 2016, contains a number of pointers to make life easier for FSPs and the FSB. The article concludes with a handy summary: Do: Send all DOFA related enquiries to fais.dofa@fsb.co.za and not […]
Candidates are required to successfully complete the applicable level 1 Regulatory Exam by 30 June after expiry of 24 months from the date of first appointment as representative. In practical terms, this means that those appointed between 1 January 2014 and 30 June 2014 will be required to complete the RE 5 before 30 June 2016. Candidates are reminded that they should not delay […]
Candidates are required to successfully complete the applicable level 1 Regulatory Exam by 30 June after expiry of 24 months from the date of first appointment as representative. In practical terms, this means that those appointed between 1 January 2014 and 30 June 2014 will be required to complete the RE 5 before 30 June 2016. Please do not delay writing until the last […]
