Foreign FSPs and the Regulatory Examinations
Dr. Des Leatt kindly provided us with the following clarification from the FSB on this topic. There appears to be some confusion regarding the Level 1 Regulatory Exams as they apply to Foreign […]
Regulatory-Exams
Videos
Watch: FPI Financial Planner of the Year on key issues shaping the financial landscape
Animated video explains the two-pot retirement system
NCA Credit providers’ FICA obligations
NCR Desktop Audits
Is South Africa on track to getting off the grey list?
Looking back at this year’s FPI Professional’s Convention
Enhance your HR skills by attending our insightful webinars in November
Webinars on how to investigate misconduct and address poor performance
RE Focus: Why do I keep on failing?
We regularly receive desperate calls for advice from candidates who have repeatedly failed the level 1 regulatory examination. Perhaps we should start off with the bigger picture – on Tuesday, we heard from […]
Check your Mate
Industry experienced job applicants have to provide proof of their RE results. The question is: how reliable is this information? Judging by the vast number of enquiries we receive, it is apparent that […]
Regulatoriese Eksamens – Tyd raak Min
Diegene wat voor die einde van 2013 nog die eksamens suksesvol moet aflê, moet asseblief let op die proses wat gevolg moet word, en nie onnodige druk op hulself plaas nie, of hulself […]
Deadline for completion of REs by representatives
The Fit and Proper Requirements provide for time frames within which a representative must complete the relevant regulatory examinations. These paragraphs must be read with the provisions for the Exemption of Services under […]
RE Deadline for new entrants
Below the response received from the FSB regarding the above. Board Notice 106 of 2008 section 6(f) states that representatives have two years from date of first appointment to complete their level one […]
RE Results and Certificates
We receive numerous requests on a daily basis for copies of results, or RE1 and RE 5 certificates from candidates who mislaid theirs. You can download this from our website in your own […]
Postponement of the level 2 RE's
The Financial Services Board (FSB) announced its decision last week to postpone the level 2 regulatory examinations (REs) until a date yet to be determined. The reasons, provided in Circular 6 of 2013, […]
BN 119 of 2013: Level 1 Exemptions
This Board Notice (BN 119 of 2013) provides for an exemption from the current Fit and Proper requirements to two categories of FSPs, and affirms the dates for those not included in this exemption. […]
BN 120 of 2013: Level 2 Exemptions
This Board Notice, (BN 120 of 213) published on 5 June, exempts all FSPs from having to write the level 2 REs until further notice. No rationale for this decision is contained in […]
FSB Initiates Regulatory Action Against Old Mutual
In a media release on 21 May 2013, the Financial Services Board (FSB) announced that it has initiated regulatory action against Old Mutual for transgressions of Directive 159.A.i which applies to both the […]
Reference Material for REs
Not a day goes by without us being asked for advice on the best study material for the level 1 REs. In terms of our status as an approved regulatory exam body, we […]
Intermediary Services Explained
Most of you can probably recite the legal definition of “advice” and “intermediary services” off by heart, having studied for the REs, but how many know how to interpret it correctly? The FSB […]
DOFA and the REs
Your date of first appointment determines by when you need to write the level 1 regulatory exam. FAIS Circular 13 of 2012 spells it out as follows: Sole proprietors, key individuals and representatives […]
Representatives under Supervision
In 2008, the FSB realised that the fit and proper requirements could prove to be a major obstacle for new people entering the industry. This was particularly true of the minimum experience requirements. […]
Applying for an Exemption
We pointed out on Monday that the information appearing on the FSB website differed from what we understood the process to be. We referred the matter to the Regulator, and received an amended […]
Explanatory Note on Board Notice 65 of 2013
We received the document below in the form of a media release on 24 April 2013. It appears that a substantial number of people applied for an extension of the final date to […]
