RE 1 and RE 5 Exam Training in person training
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
- 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
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.
In person training details
In person training registration
Various available dates and venues.
Register for this in person training →
