RE5 Applications are important for individuals who want to pursue opportunities in the financial services industry. Before applying, check the relevant requirements, registration process, examination details, and any applicable fees to ensure that you are prepared.

RE5 Applications: Explore available opportunities, learn about the RE5 examination requirements, and find application guidance online. Visit WeGetItForYou.co.za for more career updates.

RE5 Applications: Requirements and Registration Process

There’s a certificate called RE5.
The certificate is in high demand in South Africa. You don’t need tertiary education or commercial subjects to obtain it, anyone can do it.

The FSCA has again extended the exemption on the prescribed visits to FSPs’ business premises by compliance officers.

FAIS Notice 119 of 2017 exempted, until the end of December 2019, compliance officers from the minimum intervals for visits and reports prescribed in section 4(4) of Board Notice 127 of 2010, “Qualifications, experience, and criteria for approval as compliance officer”.

The exemption was extended for another two years, and in 2021, it was extended to the end of December last year.

In terms of FAIS Notice 85 of 2023, published on 18 December, the exemption will now remain in place until 30 June 2026.

The exemption remains subject to a compliance officer’s adhering to the conditions set out in section 2 of Notice 119 of 2017.

The conditions include:

• A compliance officer must conduct “sufficient” visits to an FSP’s business premises. The frequency and number of visits must be determined by considering:
• the nature, scale, and complexity of the business,
• the nature and range of financial services, activities, and ancillary services offered;
• the FSP’s compliance risks considering the nature and range of financial services, activities, and ancillary services offered, the financial products offered, and the market in which the FSP operates;
• the availability and adequacy of off-site monitoring tools; and
• off-site access to the FSP’s business data.
• A compliance officer must implement a monitoring programme that covers all areas of the provider’s financial services, activities, and relevant ancillary services, to ensure that compliance risks, and changes to those risks, are comprehensively monitored.
• The CO must review the monitoring programme regularly, as well as on an ad-hoc basis when necessary, to ensure that emerging risks are taken into consideration.
• The CO must “regularly” report to the provider on at least the following:
• the adequacy and effectiveness of the overall control environment for financial services and activities;
• the risks and deficiencies that have been identified; and
• the remedies undertaken or to be undertaken.
• The CO must inform the FSP that the exemption notice applies to the service he or she provides.

Explore our latest vacancies in South Africa to discover more career opportunities, skills development programmes, and positions that can help you grow professionally.

Benefits of Completing the RE5 Examination

The RE5 examination is relevant to individuals working in or entering South Africa’s financial services industry, particularly those who need to meet applicable regulatory examination requirements.

Preparing for the RE5 examination can help candidates understand important principles related to financial services, professional conduct, and regulatory responsibilities.

Some important points to consider include:

• Industry knowledge: Study the regulatory principles relevant to your role in the financial services sector.
• Professional development: Build knowledge that may support your development in financial services.
• Regulatory awareness: Understand the importance of following applicable laws, regulations, and professional standards.
• Career preparation: Determine whether the RE5 examination is required for the position you want to pursue.
• Better preparation: Review the relevant study material and examination guidance before registering.

Before submitting an RE5 application, confirm the current registration procedure, examination fees, deadlines, and eligibility requirements with the relevant examination provider or regulatory authority. Requirements may differ depending on your circumstances and the purpose of your application.

RE5 Applications in South Africa

RE5 Applications require candidates to check the relevant registration process, examination requirements, and applicable fees. Before completing your RE5 Applications, confirm the latest details with the official examination provider and prepare the necessary information.

How to Apply for RE5

Candidates who want to register for the RE5 examination in South Africa should follow the official registration process and confirm the requirements before applying.

Follow these steps:

1. Check the requirements: Confirm whether you need to complete the RE5 examination for your role in the financial services industry.
2. Visit the official website: Go to the Moonstone Business School of Excellence website to find information about RE5 examination registration.
3. Review the registration details: Check the available examination options, registration requirements, fees, and relevant dates.
4. Prepare your information: Have your personal details and any required documentation ready.
5. Complete your registration: Follow the official instructions and provide accurate information.
6. Pay the applicable fee: Follow the payment instructions provided by the examination provider.
7. Prepare for the examination: Use the recommended study materials and confirm your examination arrangements.

Important: Registration procedures, fees, and examination dates may change. Always verify the latest information with the official examination provider before submitting your application.

For more career updates and opportunities in South Africa, visit WeGetItForYou.co.za.

Applications

Apply Online Here

Fill Applications Form Here

A CO who fails to adhere to any of the conditions will lose the exemption.