Masthead can assist you with your preparation for the Level 1 Regulatory Exam to ensure that you are ready to tackle it with confidence.
This seminar is designed to help delegates prepare for writing the RE 1 and RE 5 Regulatory Examinations.
What will be covered:
Representatives are required to write the RE 5 exam, while Key Individuals must write the RE 1 exam. This full day seminar will equip attendees 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
FSPs, Key Individuals and Representatives who attend this seminar will earn 7 CPD points towards maintaining their competence requirements.
FPI members will be able to earn 7 CPD points in the Ethics and Practice Standards category.
Cost for members: R 575,00 (incl VAT) Cost for non-members: R 1 150,00 (incl VAT)
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 about this seminar
“Just want to thank you for the RE Training that you provided, you really assisted me being new to the Financial Services industry at the time, to understand the terminology better. I passed my RE 5 Rep Exam the 1st time. Your training really assisted and made it a lot easier to study”
– Alet Venter | Para-Planner
“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
Accredited by the Financial Planning Institute of Southern Africa (FPI)
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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