How To get your RE5 certificate
✅ What is the RE5 Certificate?
The RE5 exam is a regulatory requirement by the FSCA (Financial Sector Conduct Authority) in South Africa. It’s for representatives who give financial advice or intermediary services under the FAIS Act (Financial Advisory and Intermediary Services Act).
🧭 Step-by-Step: How to Get the RE5 Certificate
1. Meet the Basic Requirements
You should:
- Be employed (or seeking employment) in the financial services industry.
- Be familiar with the FAIS Act and general financial regulations.
💡 No formal qualifications are needed to write RE5, but financial services experience helps.
2. Choose a Training Provider (Optional but Recommended)
Many candidates take preparation courses before the exam. Some popular RE5 training providers include:
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- Moonstone Business School of Excellence (MBSE)
- Integrity Academy
- FMI (Financial Markets Institute)
- Edge Education
- Kaplan (for international options)
They offer:
- Online and in-person classes
- Study guides
- Mock exams
3. Register for the Exam
The RE5 exam is administered by Moonstone (the main FSCA-approved exam body).
How to register:
- Go to www.faisexam.co.za
- Create a profile.
- Choose your exam venue and date.
- Pay the exam fee (± R1,400, subject to change).
- Receive confirmation via email.
4. Prepare for the Exam
The RE5 exam tests your knowledge of:
- The FAIS Act
- The role and responsibilities of a Representative
- Fit and proper requirements
- Complaints handling
- Code of Conduct
- Financial services environment
Format:
- 50 multiple-choice questions
- 2-hour time limit
- Pass mark: 66% (33 out of 50 questions correct)
5. Write the Exam
- Bring your ID and exam confirmation.
- Arrive early.
- The exam is written on a computer at an approved venue.
6. Get Your Results
- Results are usually available within 2–3 weeks.
- You’ll get a certificate if you pass.
📩 Your RE5 certificate is emailed to you and can be used to prove compliance to employers or FSCA.
⏱️ How Long Does It Take?
- Study time: 2–6 weeks (depending on your background).
- Exam process: ~1 month from registration to results.
🧾 Cost Breakdown (Estimates)
| Item | Cost |
|---|---|
| Exam Fee (Moonstone) | R1,400 |
| Training Course (optional) | R1,500 – R3,000 |
| Study Guides (optional) | ± R500 |
🧠 Tips for Passing RE5
- Study with updated material (aligned with current FAIS legislation).
- Take practice exams.
- Understand definitions and terminology.
- Focus on real-world application, not just theory.
