“After receiving several complaints from stakeholders regarding the inaccuracy of the RE (FAIS) materials (sic), a decision has been made to withdraw the materials from the Inseta website.”
Students are advised to download and use the FSCA Preparation Guide. Unfortunately, the one linked on their website is still the 31 May version, which has been updated several times since.
Please click here to download the latest Preparation Guide (v11), which also includes the most recent updates to the qualifying criteria.
The importance of the Preparation Guide:
The Preparation Guide outlines exactly what the examination will be testing and where to find the information.
Studying the Preparation Guide is in fact the very first step a candidate should take to ensure that he or she knows what they have to know, and where to find the required information. This is the best approach to follow when planning and preparing for the Regulatory Examination as it is highly effective and does result in a better result outcome.
The qualifying criteria provide the basis of knowledge and skills against which the regulatory examinations are set. Only questions based on these criteria will be included in the exams.
To access the latest legislation and applicable Board Notices, please visit the FSCA website.
Click on Regulatory Frameworks
Click on Legislation
Click on applicable Act or Board Notice e.g. Financial Advisory and Intermediaries Services Act (FAIS Act) (Act 37 of 2002).
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The worst case possible loss if a catastrophe occurs in respect of risks insured under a particular policy. It can also be applied to concentration of risk and would refer to loss from a catastrophe such as an earthquake.