The RE5 qualification refers to a regulatory examination that individuals in South Africa need to pass in order to become licensed representatives in the financial services industry.
Key Facts
- Definition: The RE5 qualification refers to a regulatory examination that individuals in South Africa need to pass in order to become licensed representatives in the financial services industry.
- Applicability: The RE5 qualification is mandatory for all representatives, including those employed or mandated by a Financial Services Provider (FSP), who provide financial services to clients.
- Exclusions: Individuals who provide clerical, technical, administrative, legal, accounting, or other services in a subsidiary or subordinate capacity that does not require judgment or advice are exempt from the RE5 qualification.
- Purpose: The RE5 qualification aims to ensure that representatives possess the necessary knowledge and understanding of the financial services industry, regulatory framework, and ethical conduct to provide competent and responsible financial advice to clients.
- Content: The RE5 examination covers various topics, including legislation and regulations, financial products, ethics, and industry practices.
- Examination Format: The RE5 examination is a multiple-choice exam consisting of 50 questions, with a duration of 2 hours.
Applicability of RE5 Qualification
The RE5 qualification is mandatory for all representatives, including those employed or mandated by a Financial Services Provider (FSP), who provide financial services to clients.
Exclusions from RE5 Qualification
Individuals who provide clerical, technical, administrative, legal, accounting, or other services in a subsidiary or subordinate capacity that does not require judgment or advice are exempt from the RE5 qualification.
Purpose of RE5 Qualification
The RE5 qualification aims to ensure that representatives possess the necessary knowledge and understanding of the financial services industry, regulatory framework, and ethical conduct to provide competent and responsible financial advice to clients.
Content of RE5 Qualification
The RE5 examination covers various topics, including legislation and regulations, financial products, ethics, and industry practices.
Examination Format of RE5 Qualification
The RE5 examination is a multiple-choice exam consisting of 50 questions, with a duration of 2 hours.
Source:
What Is RE5 Qualification | Workshops For RE 1 and RE 5 Exams
FAQs
What is the RE5 qualification?
The RE5 qualification is a regulatory examination that individuals in South Africa need to pass in order to become licensed representatives in the financial services industry.
Who is required to obtain the RE5 qualification?
All representatives, including those employed or mandated by a Financial Services Provider (FSP), who provide financial services to clients are required to obtain the RE5 qualification.
Who is exempt from the RE5 qualification?
Individuals who provide clerical, technical, administrative, legal, accounting, or other services in a subsidiary or subordinate capacity that does not require judgment or advice are exempt from the RE5 qualification.
What is the purpose of the RE5 qualification?
The RE5 qualification aims to ensure that representatives possess the necessary knowledge and understanding of the financial services industry, regulatory framework, and ethical conduct to provide competent and responsible financial advice to clients.
What topics are covered in the RE5 examination?
The RE5 examination covers various topics, including legislation and regulations, financial products, ethics, and industry practices.
What is the format of the RE5 examination?
The RE5 examination is a multiple-choice exam consisting of 50 questions, with a duration of 2 hours.
How can I prepare for the RE5 examination?
There are various resources available to help candidates prepare for the RE5 examination, including study material, workshops, and online courses.
Where can I find more information about the RE5 qualification?
More information about the RE5 qualification can be found on the website of the Financial Sector Conduct Authority (FSCA) or from accredited training providers.