FIRST LEVEL
REGULATORY
EXAM
SUPPORT FOR
REPRESENTATIVES
QUALIFICATION:
FIRST LEVEL
REGULATORY
EXAM
SUPPORT FOR
REPRESENTATIVES
Representatives Category I,
Category II, Category IIA,
Category III and Category IV
(RE 5)
MODE OF DELIVERY:
Distance Learning
PROGRAMME DESCRIPTION
The first level Regulatory Examination (RE) is one of the
competence requirements in terms of the fit and proper
regulations of the FAIS Act. The regulatory examinations aim
to test knowledge in relation to the FAIS Act, subordinate Demonstrate understanding of the FAIS Act as a
legislation, codes of conduct and legislation relevant regulatory framework.
to money laundering. All financial services providers, Contribute towards maintaining an FSP licence.
representatives and key individuals are impacted by these Define the role of the key individual in terms of the
examinations, which are conducted by approved examining FAIS Act.
bodies. Adhere to the specific Codes of Conduct.
Comply with regulated record-keeping requirements.
Milpark Education offers various support options for the Comply with the requirements of the FIC Act and
regulatory examinations. You may select any option, or a Money Laundering and Terrorist Financing control
combination of options, to suit your individual need. regulations, as it applies to FSPs.
Deal with complaints that have been submitted to the
Ombud for FSPs.
OPTIONS OFFERED Operate as a representative in terms of the FAIS Act.
1. Study material (hard copy only)
Study material will be offered in the user-friendly Milpark
format and will be couriered to you upon completion of
the registration process with Milpark. The content of the
study material covers the following eight key topics as
prescribed by the FSCA:
2. Three electronic practice examinations RESEARCH UNDERTAKEN
A unique username and password will be allocated to While acknowledging that historical results are no indicator
students after completion of the registration process; of future performance, Milpark researched results from
these will allow students three opportunities to practise numerous FAIS-related modules written with Milpark since
with questions similar to those of the official FSCA 2006. Our research clearly indicates that, despite high quality
examination. These examinations will be web-based (not materials, a tutor help-line and numerous self-test questions,
on the Milpark Moodle platform) and students will be students struggle without face-to-face interventions being
able to access the examinations via a standard browser provided. Throughput rates have increased significantly when
within a 12-month period. Once the three practice students attended workshops offered by Milpark; it is thus
examinations have been completed, the username and our recommendation that one of the workshop offerings be
password will expire. selected.
Sufficient preparation time should be allowed to study
before attempting the practice examinations. They will ABOUT THE SCHOOL
provide excellent preparation for the actual examination. Milpark Education offers a range of HEQC-accredited higher
education qualifications. The qualifications range from a DBA,
3. Two-day online workshops MBA, six postgraduate diplomas, a BCom and a Bachelor of
Milpark offers online workshops on request for groups Business Administration to various certificate and diploma
of 12 or bigger. These workshops focus on examination programmes. Class of Business certification is available as
techniques (the approach to multiple-choice questions) as well as a number of CPD short courses.
well as the content of the selected regulatory examination.
For corporate clients (minimum of 12 students) or small
brokerages/groups (minimum of 12 students), these DISCLAIMER
workshops can be tailored and offered at convenient The content of this brochure is accurate at the time of going
times across South Africa. It is imperative that students to print. Milpark Education reserves the right to change the
have prepared thoroughly for the workshop by working programme content due to changes in legislation, market
through the material before attending the workshop. requirements and other reasons. Notice of such changes will
be published on our website.
Students who select the workshop option will also have
access to a tutor service where individual questions can
be posed and answered.
It is imperative that students bring the RE training
material or copy of the Acts to the training session.
4. Four-week online course
(RESR1L-OS 1st Level Regulatory Exams Support for
Representatives)
The course has been carefully structured into a four-
week programme that breaks up the eight tasks (listed
in 1 above) and associated qualifying criteria required
for the exam into small, manageable portions. During
each week of the programme, students will view video
recordings of important concepts relevant to that week’s
tasks, cover sections of the study material, and actively
engage in their learning and preparation by completing
multiple self-assessment quizzes that provide feedback
ENQUIRIES: 086 999 0001
to assist in identifying that week’s problems and further
areas for development. The course focuses on both the enquiries@milpark.ac.za
content required in terms of each of the tasks and on (Students wanting to register)
examination techniques, i.e. the approach to answering support@milpark.ac.za
multiple choice questions.
(Admin/support related queries)
This online course provides all study material in electronic WWW.MILPARK.AC.ZA
format; however, students can order a printed and bound
copy from Milpark Education at the fee of R730.
