Financial Advisory and Intermediary Services Act (FAIS-RE5) Preparation

Financial Advisory and Intermediary Services Act (FAIS-RE5) Preparation

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Course Description

The Financial Advisory and Intermediary Services (FAIS) Act governs and guides how a financial service provider (FSP) should conduct business activities and everyday relations with its customers. All FSPs who give advice or provide intermediary services to customers are regulated by the FAIS Act.

It is therefore important for all FSPs to comply with this legislation the relevant fit and proper requirements outlined in the Act.

As a current employee within an FSP or a party that is interested in possibly working within a FAIS regulated environment, this course will help you prepare for your First Level Regulatory Examination (RE5).

To be fully prepared for your upcoming exam, we recommend that you do a few learning steps every day to help build long-term knowledge retention.

Recommended Course Duration: 5 weeks

Number of Lessons: 12

Course Outline

  • Topic 01: Execute the required actions as a representative
  • Topic 02: Maintaining an FSP license
  • Topic 03: (Part 1) Adhering to specific obligations
  • Topic 03: (Part 2) Adhering to specific obligations
  • Topic 04: Applying knowledge of financial products
  • Topic 05: Consequences of debarment
  • Topic 06: Aligning execution of duties with the compliance requirements
  • Topic 07: Carrying out the proper record-keeping activities
  • Topic 08: Adhering to the requirements of FICA and AML 0
  • Topic 09: Board Notice 194 (A)
  • Topic 10: Board Notice 194 (B)
  • Topic 11: Board Notice 194 (C)
  • Topic 12: Board Notice 194 (D)

Approximate Number of questions: 429 questions

Why take a FAIS-RE5 exam:

To ensure that clients receive sound financial advice and services and products tailored to their individual needs, the Financial Advisory and Intermediary Services (FAIS) Act requires that only competent and qualified persons render services and give advice. An untrained representative of a brokerage should never be allowed to give advice, hence the requirement that an advisor be FAIS accredited. You must have a current FAIS accreditation to work in the finance and insurance sector.

Who can study FAIS?

  • Individuals working in the insurance and finance sector
  • Individuals with a desire to learn about the insurance and finance sector

Course Description

The Financial Advisory and Intermediary Services (FAIS) Act governs and guides how a financial service provider (FSP) should conduct business activities and everyday relations with its customers. All FSPs who give advice or provide intermediary services to customers are regulated by the FAIS Act.

It is therefore important for all FSPs to comply with this legislation the relevant fit and proper requirements outlined in the Act.

As a current employee within an FSP or a party that is interested in possibly working within a FAIS regulated environment, this course will help you prepare for your First Level Regulatory Examination (RE5).

To be fully prepared for your upcoming exam, we recommend that you do a few learning steps every day to help build long-term knowledge retention.

Recommended Course Duration: 5 weeks

Number of Lessons: 12

Course Outline

  • Topic 01: Execute the required actions as a representative
  • Topic 02: Maintaining an FSP license
  • Topic 03: (Part 1) Adhering to specific obligations
  • Topic 03: (Part 2) Adhering to specific obligations
  • Topic 04: Applying knowledge of financial products
  • Topic 05: Consequences of debarment
  • Topic 06: Aligning execution of duties with the compliance requirements
  • Topic 07: Carrying out the proper record-keeping activities
  • Topic 08: Adhering to the requirements of FICA and AML 0
  • Topic 09: Board Notice 194 (A)
  • Topic 10: Board Notice 194 (B)
  • Topic 11: Board Notice 194 (C)
  • Topic 12: Board Notice 194 (D)

Approximate Number of questions: 429 questions

Why take a FAIS-RE5 exam:

To ensure that clients receive sound financial advice and services and products tailored to their individual needs, the Financial Advisory and Intermediary Services (FAIS) Act requires that only competent and qualified persons render services and give advice. An untrained representative of a brokerage should never be allowed to give advice, hence the requirement that an advisor be FAIS accredited. You must have a current FAIS accreditation to work in the finance and insurance sector.

Who can study FAIS?

  • Individuals working in the insurance and finance sector
  • Individuals with a desire to learn about the insurance and finance sector