If you’re a Representative appointed by a financial services provider, you’ll need to meet the FAIS “fit and proper” competence requirements. For most Representatives, this includes passing Regulatory Exam 5 (RE5) within two years of appointment. Failure to meet this requirement would prohibit you from working with most financial products.

If you plan to become a Representative, taking RE5 is a great idea. It shows employers that you’re serious about the role, willing to put in time and effort. And there’s another benefit: if and when you achieve your goal to be a Representative, you won’t need to join your colleagues preparing for RE5 – you’ll already be done!

Here’s a simple guide to help you register for, prepare for, take, and pass the RE5 exam with ease:

1. Take the RE5 Exam Prep for Representatives course by Skillfully

It’s hard to prepare for the RE5 exam on your own, which is why Skillfully offers the RE5 exam prep for Representatives course. This is a comprehensive two-day live online course with RE5 study materials designed to help you pass the RE5 exam on your first attempt. Key features of the course:

• You practice with realistic RE5 questions. The course offers RE5 practice questions that closely resemble the style and difficulty of the actual exam, including full sets of sample exams to give you a clear idea of what to expect.
• You cover everything you need to know. The material is up-to-date and thorough, covering everything you need to know without leaving any gaps in your learning.
• You don’t waste time. The course focuses directly on the syllabus, providing background information only as needed to ensure your study time is used effectively.
• You train with expert educators. The RE5 Prep Training course is designed and delivered by the Skillfully team, including award-winning academics, who love the challenge of providing an absorbing, intense, innovative course to help get you through your exam.

2. Register for your RE5 exam

You’ll need to register for the RE5 exam. Exam spots fill up quickly, so you may need to book far in advance to get an exam date that suits you. Make sure you choose a date that gives you enough time to prepare after attending our course.

The RE5 exam is administered exclusively by Moonstone, with various testing locations across South Africa. The fee is R1,226. The exam consists of 50 multiple-choice questions and must be completed within 2 hours. To pass, you need a score of at least 66%. You can register to write the RE5 exam here.

3. Write your exam and obtain your RE5 certificate

After preparing, you will sit for the RE5 exam. Once you pass, you will earn your RE5 certificate, marking a significant and essential achievement in your financial services career.

For more details or to book our RE5 course, click here. If you have any questions, please reach out to us at admin@skillfully.co.za.