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We help you to pass the first level FAIS Regulatory Exam






By Tamara Jacobsen, Director, Applied Learning Academy
Recently we have seen that many Financial Services Providers are unwilling to assist their representatives in terms of training and support in preparation for the Regulatory exams.  The main reasons for the unwillingness of the Financial Services Providers are the costs involved for training a few people and the time spent out of work when attending a workshop. Also, where a representative has been unsuccessful in passing the Regulatory exam after the first attempt, typically no further assistance is provided. As a result, training providers such as ourselves do not have sufficient numbers of attendees to offer our usual public workshops, leaving representatives and key individuals stranded.         
There is no doubt that the Regulatory exams are challenging. A very specific approach is required when answering the multiple-choice questions. Representatives and key individuals preparing alone for the exams are not always equipped to make proper sense of the content, not informed of the level of detailed knowledge required and which areas to study, and do not know the best way to tackle the different types of multiple choice questions that arise in the exams. Added to their burden is the lack of help in preparing for the Regulatory exam. As a result, representatives especially are attempting the Regulatory exam more than once, at their own expense, and often still being unsuccessful. Some representatives have been debarred and dismissed or have the threat of debarment and job loss looming over them.
In addition to offering corporate (on site) training and support for the Regulatory exams, Applied Learning Academy has a range of training and support solutions for people who are having to tackle the Regulatory exams alone. We have recognised that the lack of numbers for our usual public workshops means that a different solution needs to be offered – these various solutions are summarised below.
Alternative to public workshops: one day tutorial workshop held on a Saturday
Applied Learning Academy conducts a one day tutorial workshop for the first level Regulatory exam for representatives (RE 5). The tutorial workshops are held in the Johannesburg area on a Saturday to specifically accommodate people who cannot get time off work. A tutorial workshop is where we work privately in a small group which means that training can still take place even when there are only a few people attending.  It is also more affordable for people covering the cost alone as the fee is R1 000 and includes the support pack (see below).
The one day regulatory exam tutorial workshop is intensive and is focused on providing understanding and insight into the more difficult areas such as fit and proper requirements, and important areas such as the General Code of conduct (27% of questions in the exam relate to this topic). Exam tips and techniques are also explained.
To enquire, please send an email to:
Self-study: the support pack
This support pack is an excellent supplement to a workshop or for self-study. The support pack has been created to address the core skills needed to pass the Regulatory exam and includes the following:
  • Summary of the material (study notes): all key information has been included in these study notes. For ease of study, the summary includes both legal provisions and additional explanations to help with understanding:
      • All important and relevant information has been identified and included in the 55 page summary – if it is in the summary, it must be learnt;
      • Information is cross referenced with the material and law for further reading or reference.
  • Summary of time periods: this document summarises the multiple time lines found in the legislation and notices. These are important to learn as questions on these arise in the exam;
  • Exam tips and techniques: this provides detailed information on the exam and in relation to technique to build the required exam techniques and skill. This document includes:
    • Techniques on tackling the different types of multiple choice questions, using examples;
    • The number of questions to expect from each topic;
    • The different levels of questions and how many to expect at each level;
    • Other key information on exam technique.
  • Mock exams: two mock exams are provided on the same basis as the actual exam in terms of content, number of questions and style of questions. This part of the support pack is aimed at providing practice as well as development opportunities.
    • Answer explanations are provided so that the results can be used to strengthen knowledge and/or exam technique.
The support pack for the Key Individual Regulatory exam (RE 1) or Representative exam (RE5) is R450 if purchased alone (the pack is included in the tutorial workshop option at no additional cost). To order a support pack, click on the following link: or enquire at: 
Exam analysis and personalised development plan: if not passing after more than one attempt
The reality is that some representatives and key individuals who are preparing on their own are not successful in passing the first level of the FAIS regulatory exam, even after multiple attempts and further study. If this is your situation, help is available!
Applied Learning Academy offers a regulatory exam analysis tool which enables us to identify your specific weak or problem areas, and to provide tailored guidance and recommendations on further preparation for the regulatory exam. As a result, most people pass the regulatory exam on the next attempt.
The process involves completing a specially designed assessment exam – each answer selected is analysed. Through the analysis, we are able to uncover whether detailed knowledge is lacking in particular topics and whether specific exam techniques need to be improved and if so, which these are. A personalised development plan is then provided.  
The cost of an exam analysis R450. To order or enquire about the exam analysis, please send us an email:
Please feel free to contact us if you require a workshop, tutorial workshop, support pack, exam analysis or any other information in relation to the regulatory exams. Support is available for both the representative’s regulatory exam (RE 5) and key individual’s regulatory exam (RE 1).
Visit us at to learn more about us.
Source: Applied Learning Academy
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