Regulatory Examination
New requirements have a significant impact on the financial services industry in that it requires all key individuals and representatives to
successfully complete regulatory examinations based on their roles and their approved licence categories. These regulatory examinations form
part of the competence requirements, and consist of two levels:
Regulatory examination Level 1:
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This examination is the same for everybody and must be completed within 2 years of appointment or approval. People currently in the industry
appointed or approved between 2004 and 2009 must complete this regulatory examination successfully by 31 December 2011.
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The content of this examination is based on the regulatory framework and the regulatory role of the individual and Key Individual, for example
the FAIS Act, Code of Conduct, FICA etc.
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The examination is compulsory and all Representatives and Key Individuals are required to complete these regulatory examinations
(Representatives - Section 4 and Key Individuals - Section 1).
Regulatory examination Level 2:
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These regulatory examinations are product specific, and will focus on testing the applied knowledge of individuals in relation to the
specific products that they provide financial services for. These examinations must be completed by December 2013.
Training for Regulatory Examination
The following 3 options will be made available :
Option 1: 1 day Facilitation in Centurion, Tygervalley, Durban and Bloemfontein by a subject matter expert including :
- Learning material
- Mock exam
Option 2: Web Based Training - INCLUDES:
- A discussion by subject matter experts on RE1 Outcomes
- Notes on the discussion
- Formal learning material
- Mock exam (Written and scored online)
Option 3: DVD - INCLUDES:
- A discussion by subject matter experts
- Notes on the discussion
- Formal learning material
- Mock exam
REGISTERING AND PAYING FOR THE EXAMINATION WILL BE EACH PERSONS' OWN RESPONSIBILITY.
PLEASE CONTACT : academy@psgkonsult.co.za for more information and registration procedure
