For key individuals
Prepare for the RE1 exam on the platform you already know.
The RE1 is the FSCA regulatory exam for key individuals: the people who manage or oversee the financial services an FSP renders. It tests the FAIS Act and its subordinate legislation from the point of view of the person accountable for the business, not only the person giving advice.
After you sign in we ask which exam you are studying for. Choose RE1 and the whole app switches to RE1 content. You can switch back to RE5 at any time.
What the RE1 practice covers
The key individual role
What it means to manage or oversee an FSP, when approval is needed, and what stays your responsibility when work is outsourced.
Managing representatives
Appointment, supervision, the register of representatives, competence deadlines and how a debarment must be run.
Running a compliant FSP
Licensing conditions, fit and proper requirements, operational ability, financial soundness, record keeping and compliance reporting.
Clients, complaints and FICA
The codes of conduct, conflicts of interest, complaints and the Ombud, and your duties as an accountable institution.
How RE1 works here
- Separate from RE5. RE1 has its own exams, question bank, results, analytics and leaderboards. Nothing from one exam is counted in the other.
- Start free. A full 80-question RE1 exam simulation is free, in the format of the real paper, with an explanation for every answer.
- Its own plan. RE1 is a separate subscription from RE5. The RE1 Pro 7-Day Pass is R149. See pricing.
- A full study course.Nineteen guided modules follow the FSCA's 16 RE1 tasks, with scenarios, flashcards and hard knowledge checks. More exam sets are being added.
Writing the representatives' exam instead? See our RE5 preparation.