010 300 7916

INSETA accredited courses and Learnerships

Programme Outline

  • 2 or 3 day workshop (depending on the experience level of the learner)
  • Full colour printed workbooks handed to learners at the workshop
  • Access to a Learner Support Centre that provides administrative support by
  • Scheduling workshops
  • Scheduling learners for workshops and exams
  • Communicate via e mail or sms to each individual on workshop and exam information
  • Content support by handling content or administrative queries

Programme Outline

  • 2 or 3 day workshop (depending on the experience level of the learner)
  • Full colour printed workbooks handed to learners at the workshop
  • Access to a Learner Support Centre that provides administrative support by
  • Scheduling workshops
  • Scheduling learners for workshops and exams
  • Communicate via e mail or sms to each individual on workshop and exam information
  • Content support by handling content or administrative queries

Key Individual workshop RE1 (This examination is called FAIS Level 1 RE 1)

Representative workshop RE5 (This examination is called FAIS Level 1 RE 5)

Course Duration

Workshop: 2 Days

Certification

Upon completion, the learner will receive a REATS Certificate of Attendance.

Upon verified Competence, the learner will receive a Certificate of Competence from REATS and a statement of results from SISETA.

Course Fee: R 2200

R2200,00

The course price includes all the study material that will be required to complete the course. The price excludes the examination fee of R1300.

Group Discounts can be discussed.

For more information or to contact us, please call us on 010 300 7916 or 082 817 7384 OR complete the form below where a course expert is standing by to assist you.

Contact Us Today

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Are you ready for Regulatory Examinations?

The FAIS Act and its subordinate legislation prescribe a number of requirements that individuals who provide financial advice/services on behalf of a financial services provider must meet.

One of these requirements is that all financial services providers, representatives and key individuals have to pass the industry’s Regulatory Examinations before certain deadlines.

REATS  Training Services offers you all the tools you need to succeed in the Regulatory Examinations.

Thorough preparation is essential!

What determines a student’s success in the regulatory exams?

REATS offers support to a large number of advisors, and it is our informed belief that passing the examinations is dependent on a combination of the following:

  • Time and effort spent studying.
  • Attendance at workshops.
  • Completing practice examinations.
  • Language ability.
  • General background and context in the industry.
  • Academic ability – the ability to memorize information.
  • The ability to analyze and interpret MCQ questions.

Work through the course material

The FSB advises candidates to spend at least three months preparing for the examination. The good news is that if you are an experienced adviser, you will no doubt be familiar with some of the legislative content.

However, even if you are experienced in financial services, you should not be complacent or underestimate the amount of preparation time and effort that need to be applied to pass the Regulatory Exams.

Tackle the book thoroughly, chapter by chapter and make detailed notes as you go.

Practice multiple-choice exams

The practice exam consists of multiple-choice questions (MCQs). A detailed report  on your strengths and development areas is issued with each practice exam. This allows you to assess your own RE exam readiness.
 
Please note that these practice exams are not a replacement for the FSB Regulatory Exams. You are required to register separately with an independent FSB examination body (e.g. Moonstone, Financial Planning Institute) to write your Regulatory Exam.

We recommend you practice answering MCQs to develop the skills needed. MCQ papers are not guessing games and contain no patterns. There are test-yourself questions at the end of each chapter in the study notes to help you assess your understanding of the material.

Representative workshop RE5 (This examinationis called FAIS Level 1 RE 5)

OVERVIEW

This regulatory examination focuses on your role and responsibilities as a representative, and what you need to know about the FAIS Act in order to remain compliant.

The content of this examination focuses on the regulatory framework, i.e. FAIS, FICA, Code of Conduct, etc, as prescribed by the FSB.

This examination consists of 50 questions.

WHO NEEDS TO ATTEND

All Representatives performing financial services in relation to Category I, II, IIA, III and IV are required to complete the level 1 regulatory examination.

CONTENT

We will prepare you by working through each task as well as the qualifying criteria and relevant Board Notices, Codes and Act as stipulated by the FSB (refer Preparation Guide for level 1 Regulatory examination (RE 1 and RE 5) updated 4 April 2014 version 2 on the FSB website under FAIS.)

THE TASKS ARE

  • Execute the required actions as a Representative in terms of the FAIS Act
  • Contribute to maintaining a FSP License.
  • Adhere to the specific obligations in terms of the relevant Code of Conduct and other subordinate legislation.
  • Apply knowledge of financial products.
  • Awareness of consequences for Representative that have been found to act fraudulently, or committed any other act that gives rise to debarment.
  • Align with execution of duties and actions with the compliance requirements.
  • Carry out the proper record keeping activities.
  • Adhere to the requirements of FICA and other relevant anti-money laundering legislation, as it applies to the FSP.

Key Individual workshop RE1 (This examination is called FAIS Level 1 RE 1)

OVERVIEW

This regulatory examination focuses on your role and responsibilities as a Key Individual.

We will be covering all the relevant Board Notices, Acts and Codes as prescribed by the FSB.

This examination consists of 80 questions.

WHO NEEDS TO ATTEND

All Key Individuals and Sole proprietors who are responsible for managing and overseeing a business relating to the rendering of financial services for FSPs in Category I, II, IIA, III and IV are required to write this examination.

CONTENT

We will prepare you by working through each task as well as the qualifying criteria and relevant Board Notices, Codes and Act as stipulated by the FSB (refer Preparation guide for level 1 Regulatory examination . (RE 1 and RE 5) updated 4 April 2014 version 2 (on the FSB website under FAIS)

The 16 tasks as prescribed by the FSB are covered in the workshop.

THE TASKS ARE

  • Describe the role of the key individual in terms of the FAIS Act.
  • Describe the role of the representative in terms of the FAIS Act.
  • Manage and oversee the appointment of representatives.
  • Manage the rendering of services under supervision.
  • Manage and oversee the on-going development/employment of representatives.
  • Debar representatives that have been found to act fraudulently, or committed any other act that gives rise to debarment.
  • Awareness of the regulatory environment in which the FSP functions.
  • Awareness of the specific obligations in terms of the relevant Code of Conduct and other subordinate legislation.
  • Oversee and manage the compliance functions as required by the FAIS Act.
  • Maintain the licence of the FSP including the management of the licensing conditions
  • Take the necessary action if the FSP voluntarily lapses its licence.
  • Verify that the proper record keeping activities are carried out.
  • Manage and oversee / participate in the setting up and/or managing of the infrastructure of the FSP.
  • Manage and oversee the requirements that auditors/accounting officers must adhere to.
  • Manage and oversee the FSP's adherence to the requirements of FICA and other relevant anti-money laundering legislation, as it applies to the FSP.
  • Manage any processes required in the event of an investigation by the FAIS Ombud.

REATS TRAINING SERVICES

PHONE: 010 300 7916
PHYSICAL ADDRESS: H2 Bridge on Bond Office Park, C/O Bond Street & Braam Fisher Ave, Randburg.

REATS – a quality company specialising in Skills Development. Built on training and learning experiences, our core motives and mission are to provide high quality, professional, affordable training solutions to individuals, small to medium and large businesses within South Africa and Africa as a whole.

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