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 hours towards maintaining their competence requirements.
FPI members will be able to earn 7 CPD hours 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
“Thank you Masthead team for the RE training seminar and learning material which helped us get through the RE 5 exam. The training you provided was professionally presented, and I am glad I participated in this as it afforded me all the success that was promised. Congratulations to you all.”
– Tony Usher | Dias Insurance Consultants
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.
Masthead (Pty) Ltd will not sell or rent its user’s personal identifiable information to third parties.
Sharing of Information
Masthead (Pty) Ltd may send personal identifiable information about its users to other companies or third parties should there be a need to share the user’s information in order to provide the product or service the user has requested.
Furthermore, the only information Masthead (Pty) Ltd will ever disclose to third parties is aggregate information about its users. Aggregate information will not identify the website’s users and will only identify the user’s population in general terms.
The user consents to the website’s agreements, notices and disclosures by visiting the website and receiving electronic information or communication by electronic means and this indicates that any legal requirements has been satisfied.
Changing of Information
Should you not be satisfied with the information or should any information be found to be untrue or incorrect, please notify Masthead (Pty) Ltd on the following email address: firstname.lastname@example.org
Masthead (Pty) Ltd and its agents or representatives shall not be liable for any damage, loss or liability arising from the use or inability to use this website or the services or content provided from and through this website.
Information, ideas and opinions expressed on this site should not be regarded as binding advice or the official opinion of Masthead (Pty) Ltd and users are encouraged to consult professional advice before taking any course of action related to information, ideas or opinions expressed on this site.
Masthead (Pty) Ltd has, and will continue to take reasonable care to ensure that all information, in so far as this is under its control, provided on this website is true and correct.
Masthead (Pty) Ltd shall not be responsible for, and therefore disclaims any liability for, any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this website.
There is no warranty of any kind, expressed or implied, regarding the information or any aspect of this service. Any warranty implied by law is hereby excluded except to the extent such exclusion would be unlawful.
Links to other sites
Our website contains links to other sites. Please be aware that Masthead is not responsible for the privacy practices of such other sites. We encourage users to be aware when they leave our site and to read the privacy statements of each and every website that collects personally identifiable information. This privacy statement applies solely to information collected by this website.