Secondary

Tag Archives | Regulatory exams

RE_Fraud-alert

Scammers selling fake FSCA regulatory exam certificates on social media

Scammers operating on social media are defrauding people by claiming they can issue certificates for the FSCA’s regulatory exams. At least two of these scammers claim to work at Moonstone’s Sandton’s exam venue. Since early last year, Moonstone has been documenting complaints – along with supporting screen shots and emails – from students who have […]

Continue Reading
regulatory-exams

Regulatory Examinations – Business as Unusual

Some registered candidates enquired whether the regulatory exams (REs) would be affected by the recent increased measures to curb the spread of the Corona virus. Regulatory Examinations will continue within the framework of the regulation as published in the Co-Operative Governance Notice 27 June 2021. Please  refer to Art. 21(1) (c); (2) and (5). Moonstone […]

Continue Reading

RE

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. The following requirements are applicable in terms of the regulatory examinations: The competence requirements relating to regulatory examinations contained in this Part – (a) subject to paragraph (b), apply to all FSPs, key […]

Continue Reading
RE

RE Deadline for Local and Foreign FSPs

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 […]

Continue Reading

Mental conditioning

An important part of your preparation for writing the regulatory examinations concerns your mental approach. I came across an interview in Moneyweb with Paddy Upton, who plays an important role in the preparation of our very successful national cricket side. His thinking applies equally to those facing the challenge of writing the regulatory examinations: Mental […]

Continue Reading

RE Preparation Material

LexisNexis announced the availability of the third edition of its Legislation Handbook and Preparation Guide for the level 1 FAIS regulatory examination – RE1 and RE5. This book reflects the law as at 10 April 2014 and incorporates amendments contained in the Financial Services Laws General Amendment Act 45 of 2013. The Legislation Handbook, together […]

Continue Reading

Important Qualification Requirements

The regulatory examinations took precedence for most people in the industry, and may have averted the focus from the qualification requirement, particularly in the case of representatives working under supervision. Industry demands for production of business often take precedence over legal requirements, particularly if the time frame to obtain a qualification is six years. The […]

Continue Reading
SA Corona Virus Online Portal Logo
CLICK HERE FOR MORE INFORMATION