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DETAILS

Money Back IA

  • Simply register for either the RE Workshop or Exam support pack as well as 2 additional mock exam packs.
  • If you then Pass at least 6 of our mock exams with 75% we guarantee you will pass your Regulatory Exam or we will refund you in FULL for any RE related purchases
  • Please note that the Exam Support Pack is not yet available for RE4 but should be soon

Current student success rate = 98% (No one is perfect)

Our Mock Exams are based on a database of almost ±850 Questions from which questions are randomly selected.

Online Mock Exams

  • Pack contains 4 Online Mock Exams
  • Each Exam Contains 30 Questions

What does failing the RE exam really cost

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Actual Total Cost of RE Exam R

 

How to Register for the exam

At Integrity Academy we are only allowed to offer support, our main purpose is to help you pass the Regulatory Exam on the first attempt
To Register for the RE Exam itself please register with one of the following organisations

What are “Regulatory Exams?”

Regulatory exams are part of the “fitness” requirements for people who are representatives or key individuals in the Financial Services Industry. These exam requirements are outlined in Board Notices issued by the Financial Services Board under the Financial Advisory and Intermediary Services Act 2002 (FAIS) and are therefore a legal requirement.

What does the exam consist of?

 

RE5 - Representatives

RE1 - Key Individuals and Sole Proprietors

Number of questions

50

80

Duration

2 Hours

2.5 Hours

Minimum Required Percentage

66%

65%

 

What is a Key Individual?

A “key individual”, in relation to an authorised financial services provider, or a representative, carrying on business as—

  • a corporate or unincorporated body, a trust or a partnership, means any natural person responsible for managing or overseeing, either alone or together with other so responsible persons, the activities of the body, trust or partnership relating to the rendering of any financial service; or

  • a corporate body or trust consisting of only one natural person as member, director, shareholder or trustee, means any such natural person.

What is a Financial Services Provider?

Means any person, other than a representative, who as a regular feature of the business of such a person:

  • furnishes advice;

  • furnishes advice and renders any intermediary service;

  • renders an intermediary service.

Which exam must I write?

If you give advice to clients on products such as insurance and investments, you will need to write the level 1 Regulatory Exam for Representatives (RE5). However, if you are involved only with assistance business such as funeral policies or friendly societies you do not need to write the RE5 exam.

If you intend to become a Key Individual you will need to complete Regulatory Exam for Key Individuals (RE1). If you fall under a category II Financial Services Provider, you will also be required to complete the Regulatory Exam for this category (RE3).

How much do exams and rewrites cost?

The standard fee according to the Financial Services Board is R 1 163.00 for the exam or rewrite.