Secondary

Tag Archives | RE

update

FSCA RE Study Material update June 2018

The May edition of the FSCA FAIS Newsletter contains a summary of events since the publication of Board Notice 194 of 2017 (the “Fit and Proper” Board Notice) which came into effect on 1 April 2018 and impacted on the RE 1 and RE 5 regulatory exams. The “Fit and Proper” Board Notice contains amended qualifying criteria for these […]

Continue Reading
moonstone-RDR-Update

Regulatory Exam Material Update

The following message currently appears on the Inseta Website: Regulatory Exams Learning Material The BANKSETA is currently revising the RE Learning Materials that INSETA developed in 2014. The revised RE Learning Materials will be made available on the websites of both the INSETA and BANKSETA during the second week on May 2018. To access the old […]

Continue Reading
RE-pencil

New Fit and Proper Regulatory Exam Requirements

Board Notice 194 of 2017 contains the latest information on who should write which exams. The competence requirements relating to regulatory examinations determine that all FSPs, key individuals and representatives should write and pass the relevant regulatory exam, as indicated in the table below: Column A (Category I) Column B (Category II) Column C (Category […]

Continue Reading
RE-pencil

New Fit and Proper Regulations and the Regulatory Exams

The long anticipated amended “Determination of Fit and Proper Requirements for Financial Services Providers, 2017” was finally printed in December last year. Do not be fooled by the fact that the determination, sans the annexures, only consists of 40 pages. There is a lot to consider. We will cover this in more detail in the […]

Continue Reading
RE-pencil

REs for Compliance Officers

We recently published a template showing the deadlines for compliance officers to successfully complete specific regulatory exams. The FSB very kindly expanded on our original publication, including CO’s for Licence Category 4, and also provided clarity on certain aspects regarding COs who work under supervision. Please note: this applies to registered compliance officers only. If you […]

Continue Reading
fraud

R E and Qualifications Fraud

In a holding statement published on Thursday, 15 June, the Financial Planning Institute (FPI) responded as follows to a media release by the FSB: Falsification of Regulatory Examination Results and Issuance of Fraudulent Certificates On behalf of Godfrey Nti, Chief Executive Officer, Financial Planning Institute (FPI) “Following the announcement made yesterday, by the Financial Services Board […]

Continue Reading
what-u-need-to-know

Compliance Officer RE Obligations

We requested clarity from the FSB on the interpretation of the various publications on this matter. Two of my colleagues at Moonstone Compliance then very kindly drew up the table below which certainly contributes greatly to understanding of what is required by whom, and when….   Compliance Officer   Approved before 1 September 2016 Approved […]

Continue Reading
Qualifications-Deadline

Regulatory Exam Seats Filling up Fast

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, […]

Continue Reading
RE

Legislation Handbook and Preparation Guide for REs

The Legislation Handbook for Level 1 Regulatory Exams provides the legislation specified as relevant to the regulatory exams RE 1 and 5. The Preparation guide includes the qualifying criteria provided by the FSB for these exams. The qualifying criteria are cross-referenced in the Preparation Guide to the relevant sections to be studied in the Legislation Handbook. Shaded […]

Continue Reading
legislation

Pending Legislative Changes and the Regulatory Exams

Documents released in December 2016 reveal that the FSB intends changing no fewer than seven (7) pieces of legislation in the near future, some possibly coming into effect as early as May 2017. Those who have a RE deadline of 30 June 2017 need to take this into account when planning when to write. Legislative changes impact on the […]

Continue Reading