Obtain an RE5 Certificate South Africa

How to Obtain an RE5 Certificate in South Africa

FOLLOW WHATSAPP CHANNEL FOR RECENT UPDATES

The RE5 Certificate (Regulatory Exam 5) is a key requirement if you want to work as a representative (e.g. financial advisor, broker, or consultant) in the financial services industry in South Africa. It is regulated by the Financial Sector Conduct Authority (FSCA).

What is the RE5 Certificate?

The RE5 exam tests your understanding of:

• Financial Advisory and Intermediary Services (FAIS) Act
• Regulatory requirements and compliance
• Ethics and professionalism in financial services

Passing RE5 proves that you are “fit and proper” to give financial advice or intermediary services.

Step-by-Step: How to Get RE5

1. Get a Job or Internship in Financial Services

You must be employed or contracted by an authorised Financial Services Provider (FSP) before writing the RE5 exam.

👉 Common employers include:

• Banks
• Insurance companies
• Financial advisory firms

2. Register for the RE5 Exam

You need to register through the official exam body:

• Moonstone Business School of Excellence

You can register online via their website once your employer has approved you.

3. Pay the Exam Fee

• The RE5 exam costs approximately R1,300 – R1,500 (subject to change)
• Some employers may cover this cost for you

4. Study for the Exam

You’ll need to prepare thoroughly. Study materials include:

• FAIS Act guidelines
• Regulatory frameworks
• Study guides from Moonstone or other providers

💡 Many candidates take short courses or use textbooks to prepare.

5. Write the Exam

• Format: Multiple-choice questions
• Duration: ± 2 hours
• Pass mark: 65%

You can write at an approved exam centre or online (depending on availability).

6. Pass and Get Certified

Once you pass:

• You receive your RE5 certificate
• You are legally allowed to operate as a financial representative under supervision

Important Requirements

To qualify for RE5, you must:

• Be employed by an authorised FSP
• Be in a role that requires giving financial advice or intermediary services

Timeframe

• You typically have 2 years from your date of employment to pass RE5

Career Opportunities After RE5

With an RE5 certificate, you can work as:

• Financial Advisor
• Insurance Consultant
• Investment Consultant
• Broker

It’s often a requirement for companies like banks and insurance firms.

Final Advice

Getting your RE5 is one of the most important steps in building a career in financial services. Focus on:

• Understanding legislation (not just memorising)
• Practicing exam questions
• Gaining real workplace exposure

CLICK HERE TO APPLY via Moonstone Business School Of Excellence