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RE 1 and RE 5 Preparation

 

Masthead can assist you with your preparation for the Level 1 Regulatory Exam to ensure that you are ready to tackle it with confidence.

What will be covered
Representatives are required to write the RE 5 exam, while Key Individuals must write the RE 1 exam. Designed to help delegates prepare for writing the RE 1 and RE 5 Regulatory Examinations, attendees will be equipped with in-depth knowledge and understanding of the following areas:

  • The process of applying for an FSP licence
  • Rules pertaining to suspending, withdrawing and lapsing of an FSP licence
  • The difference between licence categories – I, II, IIA, III and IV
  • The role and obligations pertaining to Key Individuals
  • Mandatory requirements when appointing Representatives
  • What to include in a Representative Register
  • The supervisory activities and responsibilities of the Key Individual
  • Product categories and Class of Business
  • Fit and Proper Regulations including Honesty, Integrity and Good Standing, Competence, Operational Ability and Financial Soundness.
  • How to deal with debarments
  • Undesirable business practices and how to avoid them
  • Guidelines when giving advice and what to include in a Record of Advice
  • Rules to follow when dealing with product replacements
  • The do’s and don’ts of Annual Reviews
  • When are Guarantees, PI Cover and Fidelity Insurance needed
  • Rules of advertising
  • How to deal with client complaints
  • Recordkeeping – what records should be kept and for how long

CPD hours: 

  • FSPs, Key Individuals and Representatives will earn 8 CPD hours towards maintaining their competence requirements.
  • FPI members will be able to earn 8 CPD hours in the Ethics and Practice Standards category.

Interested in attending this webinar or face-to-face seminar?

Click on the links below to register or browse dates for this webinar and seminar.

Webinars   |   Face-to-face seminars 

If you would like to arrange this webinar specifically customised for your business, contact the Masthead Regional Office closest to you.


Who should attend

  • Key Individuals and Representatives who are required to write the Regulatory Examinations as prescribed by the Financial Sector Conduct Authority.
  • New entrants to the financial services industry who are looking for an in-depth understanding of the FAIS and Fit and Proper requirements.
  • Those who have been in the industry for a while and are looking to update or refresh their knowledge of the latest regulatory requirements.

How will attendees benefit

You will be able to complete the RE 1 and RE 5 examinations and have a better understanding of what is required with regard to the FAIS Act.

What attendees had to say

“The facilitator presented the RE 1 and RE 5 Training webinar very well. It was clear and easy to understand. I will strongly recommend this webinar to anyone who needs help with RE Preparation.”

– Minette Van Heerden | Oos Vrystaat Kaap Bedryf Beperk

“The RE 1 and RE 5 Training seminar was very insightful and the facilitators ensured that we clearly understood how the questions are structured in the exam, how to approach the exam and the role of Key Individuals in the industry. Well done to the facilitators – who have a wealth of knowledge and know how to share it in a way that is easy to understand.”

– Gerswin Adriaanse | Station Financial Services (Pty) Ltd

“I would like to thank the Masthead team for the professional way in which they conducted the RE seminar. Within the short period I had to prepare and study, I successfully completed the RE 5 exam on my first attempt. The seminar was presented in detail, making it easier to understand the study material, enabling me to answer many of the exam questions more thoroughly.”

– Mario-Lize Lightbody | EZ Risk Consultancy and Broker Services

“I would like to thank you for hosting a very informative RE 1 and RE 5 Training webinar and helping me prepare well for the RE Exam.”

– Zania van Niekerk | Masthead Financial Planning (Pty) Ltd
Accredited by the Financial Planning Institute of Southern Africa (FPI)

MASTHEAD IS

A national supplier of risk management services to independent financial advisors and other licensed financial service providers (FSPs). Established in 2004, we help our clients overcome their risk management challenges so they can grow and thrive in an increasingly regulated industry. Providing professional guidance and practical support, our team of specialists is passionately committed to delivering tangible solutions.

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CONTACT US

Phone:

021 686 3588

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