The Financial Advisory and Intermediary Services (FAIS) Act mandates that individuals working in the financial services sector meet specific regulatory requirements to ensure professionalism and compliance.
Two essential examinations under this framework are the Regulatory Examination: Representatives (RE5) and the Regulatory Examination: Key Individuals (RE1).
RE5 is designed for Representatives who provide financial advice and intermediary services under a licensed Financial Services Provider (FSP). It serves as the foundational qualification for individuals entering the financial sector, ensuring they understand their regulatory responsibilities, ethical considerations, and compliance requirements. .
Successfully completing RE5 qualifies individuals to work in various financial roles, including: .
With RE5, professionals can pursue careers within banks, insurance companies, and other financial institutions, offering financial products and advisory services to clients.
RE1 is a requirement for Key Individuals (KIs) - those who manage, oversee, and take responsibility for the compliance and operational integrity of an FSP. This qualification is essential for individuals in management or leadership roles, as it ensures they understand regulatory obligations, risk management, and strategic decision-making within the financial services industry.
Holding an RE1 qualification not only enhances career prospects but also ensures long-term relevance in the financial services sector by enabling individuals to step into leadership roles.
Computer / Mobile
Internet Connection
Paper / Pencil
Summarised Study Material
4 Weeks of Attandance
Strategic Exam Techniques
Online/Physical Sessions
Qualified Expert Facilitators
RE 1 / RE 5 Training
