First Level Regulatory Exam Support for Representatives (Online)

The course has been carefully structured into a four-week programme that breaks up the learning of the eight tasks, and associated qualifying criteria, required for the exam into small, manageable portions.

During each week of the programme, students will view video recordings of important concepts relevant to that week’s tasks, cover sections of the study material, and actively engage in their learning and preparation by completing multiple self-assessment quizzes that provide feedback to assist in identifying problems and further development areas for that week. The course focuses on both the content required in terms of each of the tasks and on examination techniques (the approach to answering multiple-choice questions). This online course provides all study material in electronic format; however students have the option to print the study guide for ‘First Level Regulatory Exam for Representatives’ from the INSETA website (), or to register separately and receive a printed and bound copy from Milpark Education.

On successful completion of this short course, you will able to:

• execute the required actions as a representative in terms of the FAIS Act
• contribute towards maintaining an FSP licence
• adhere to specific obligations in terms of the relevant Code of Conduct and other subordinate legislation
• apply knowledge of financial products
• have an awareness of consequences for representatives who have acted fraudulently or committed any other act that could lead to debarment
• align execution of duties and actions with the compliance requirements
• carry out proper record-keeping activities
• adhere to the requirement of FICA and other relevant anti-money laundering legislation, as it applies to the FSP.