Moonstone Business School of Excellence launches training for FAIS representatives

Moonstone Business School of Excellence (MBSE) is excited to announce the launch of its comprehensive training programme for FAIS representatives, designed to prepare them for the RE 5 exam.

MBSE is a leading institution in South Africa that specialises in providing education and training in the financial services sector.

The RE 5, officially known as the Regulatory Examination 5, is a crucial certification exam for representatives in the financial services industry. It is part of the requirements under the Financial Advisory and Intermediary Services (FAIS) Act, which regulates the industry to ensure that financial advisers and representatives are competent and act in the best interests of clients.

MBSE’s RE training will empower students with the knowledge and skills to tackle the RE 5 with confidence. It must be emphasised that the RE training does not include the RE exam. Students must book and take the exam separately through a Regulatory Exam Body after completing the training.

The training equips students to sit the exam, but it is not an exam prep “crash course”. MBSE’s training provides students with a thorough understanding of the FAIS regulatory environment. The curriculum covers essential topics, including the FAIS Act and its subordinate legislation, the Financial Intelligence Centre Act (FICA), and the roles and responsibilities of representatives, key individuals, and compliance officers.

In addition to understanding of the FAIS Act as a regulatory framework, upon successfully completing the training students will be able to:

• Contribute to maintaining an FSP licence;
• Define the role of the key individual;
• Adhere to specific codes of conduct;
• Comply with regulated record-keeping requirements;
• Fulfil the requirements of FICA and the related money laundering and terrorist financing control regulations that apply to FSPs;
• Handle complaints submitted to the FAIS Ombud; and
• Operate effectively as a representative under the FAIS Act.

The training is tailored primarily for representatives working under supervision who are preparing to write the RE exam. It’s also ideal for those considering a career in the financial services industry, or anyone seeking a comprehensive understanding of the FAIS regulatory environment.

As with all its courses and qualifications, MBSE’s RE training is designed for flexibility and accessibility. The course is fully online, allowing you to enrol at any time during the year.

MBSE provides a six-week study plan to guide your learning, which it is recommended you follow. But MBSE understands that “life happening” can sometimes get in the way. That’s why students have 12 months of access to the learning material from their enrolment date.

The training consists of a study guide and assessments, so students can test their understanding of what are learning.

What sets MBSE apart is its focus on practical, work-ready education. The learning material isn’t just theoretical – it’s designed to show students how to apply what they learn in real-world job scenarios. This is why the RE training also includes a series of videos that show students how what they are learning applies in the functioning as a FAIS representative.

Students also have access to the programme co-ordinator if they have any academic queries.

MBSE’s comprehensive online training will give you the practical skills and regulatory understanding you need to excel – not just in the exam, but in your everyday role. Enrol in MBSE’s RE5 training and take the first step towards becoming a knowledgeable, compliant, and confident financial representative.

Click here to find out more about MBSE’s RE training and to enrol.

More about MBSE

MBSE provides qualifications, Class of Business Training, CPD activities, and short courses to the financial services market. MBSE is known for its deep expertise and a strong reputation in the industry, focusing on delivering high-quality, industry-relevant training. MBSE’s programmes are designed to equip students with the necessary skills and knowledge to excel in their careers, particularly in fields that require an understanding of complex regulatory environments.

Click here to find out more about MBSE’s range of learning programmes.