Competence training requirements
1. Class of Business Training
FSPs, Key Individuals and Representatives are reminded to ensure that any Class of Business Training that has been completed must be added to the Competence Register within 15 days after the training occurred and all information and documentation relating to the training must be retained for at least 5 years. The deadline for Class of Business training is 12 months from date of first appointment in respect of a particular financial product.
2. CPD Progress
FSPs, Key Individuals and Representatives are reminded that they should be on track with achieving the required number of hours for CPD. The deadline to meet the minimum number of required CPD hours is 31 May 2020 and it is therefore advisable that steady progress is made towards achieving this.
Should you require more information on the various accredited CPD activities that Masthead offers, please get in touch with us or contact your Masthead Compliance Officer.
3. Updated Preparation Guide for Regulatory Examinations
The latest version of the FSCA’s Preparation Guide for Regulatory Examinations (RE1 and RE5 Exams) has been published and can be downloaded here.
The FSCA publishes and regularly updates their RE Exam Preparation Guide which contains detailed information to help you prepare for your exam. This guide should be your starting point before you start studying the material, as it gives a summary of the exam format, how to study, what to expect when writing the exam and more.
Masthead can assist you in passing your RE 1 and RE 5 Exams. Learn more about our RE Mock Exams and RE 1 and RE 5 Training Seminar.