Where to Start When Studying for Your RE5 Exam?

Find the best starting points for your RE5 study journey!

Getting ready to write the RE5 exam can overwhelm you! But don't let it get you down before you even started!

If you are wondering where to begin your studies for the RE5 exam, we’re offering free RE5 study tips that have proven very effective. Following our method to study for the RE5 exam can help you wrap your head around the FAIS concepts faster and more thoroughly as you press on through the different RE5 exam sections.

In this post, we’ll outline the best starting points to help you with your RE5 study journey, which will help you pass the RE5 exam more easily. We’ll also explain why this RE5 exam approach works best. While this post is focused on the RE5 exam, much of the advice also applies to the RE1 exam, with some differences due to the specific responsibilities of Key Individuals.

The RE5 Exam Tasks (Topics)

The Moonstone RE5 exam is divided into the 8 sections (Tasks) below.

Each of these RE5 exam tasks qualifies you through testing t your knowledge, skills and ability to perform these tasks in the role of a Representative.

Moonstone released an updated RE5 preparation guide in January 2024, where you can find the detailed qualification criteria for each of these 8 tasks.

It explains the following criteria in detail for each task:

- Task – Duties Representatives need to perform
- Knowledge Criteria – What you are expected to know as a FAIS Representative
- Skills Criteria – What the FAIS Act requires Representatives to do

You can download the RE5 exam preparation guide here!

This Moonstone preparation guide is the perfect guideline to follow while studying, however it is not your actual study material for the RE5 Exam.

Task	Description of task
1	Demonstrate understanding of the FAIS Act as a regulatory framework
2	Contribute towards maintaining an FSP license.
3	Define the role of the key individual in terms of the FAIS Act.
4	Adhere to the specific Codes of Conduct
5	Comply with regulated record-keeping requirements
6	Comply with the requirements of the FIC Act and Money Laundering and Terrorist Financing control regulations, as it applies to the FSP.
7	Dealing with complaints that have been submitted to the Ombud for FSPs
8	Operate as a Representative in terms of the FAIS Act.

Now that you understand the tasks covered in the RE5 exam, find out how to study for the RE5 exam.

The RE5 task descriptions should have given you insights into what you need to study, but hold off before you frantically search for RE5 study material for writing the RE5 exam. We have all the updated RE5 study material that you will need to use while preparing to write the Moonstone exam. First, let us look at what to study first and how long you should study for the RE5 exam.

To prepare well for the RE5 Exam, you should start with
CODE OF CONDUCT!

The Moonstone RE5 exam is divided into the 8 sections (Tasks) below.

Each of these RE5 exam tasks qualifies you through testing t your knowledge, skills and ability to perform these tasks in the role of a Representative.

Moonstone released an updated RE5 preparation guide in January 2024, where you can find the detailed qualification criteria for each of these 8 tasks.

It explains the following criteria in detail for each task:

- Task – Duties Representatives need to perform
- Knowledge Criteria – What you are expected to know as a FAIS Representative
- Skills Criteria – What the FAIS Act requires Representatives to do

You can download the RE5 exam preparation guide here!

This Moonstone preparation guide is the perfect guideline to follow while studying, however it is not your actual study material for the RE5 Exam.

Task	Description of task
4	Adhere to the specific Codes of Conduct
1	Demonstrate understanding of the FAIS Act as a regulatory framework
2	Contribute towards maintaining an FSP license.
8	Operate as a Representative in terms of the FAIS Act.
5	Comply with regulated record-keeping requirements
3	Define the role of the key individual in terms of the FAIS Act.
7	Dealing with complaints that have been submitted to the Ombud for FSPs
6	Comply with the requirements of the FIC Act and Money Laundering and Terrorist Financing control regulations, as it applies to the FSP.

You can find the FAIS Code Of Conduct in Chapter 12 of the 2024 RE5 Study Guide of RE5 Online.

If you don’t have an RE5 Online 2024 Study Guide for RE5, you can click here to get your RE5 Study Guide to get a copy of the best study material for RE5. If you use a different guide, search for the Code of Conduct in the table of contents and navigate to that specific section first.

The Code of Conduct serves as the foundation of the FAIS regulatory exams. Not only is it a task on its own in the exam, but it forms the backbone of all the sections of the Moonstone RE exam. Wikipedia defines it as: “A code of conduct is a set of rules outlining the norms, rules, and responsibilities or proper practices of an individual party or an organization.” And that is exactly what Chapter 12 in the study guide is, the FAIS rules for Representatives and other role-players in the FAIS sector.

The better you know the Code of Conduct the higher your chances are of passing your exam.

Task	Description of task
4	Adhere to the specific Codes of Conduct
1	Demonstrate understanding of the FAIS Act as a regulatory framework
2	Contribute towards maintaining an FSP license.
8	Operate as a Representative in terms of the FAIS Act.
5	Comply with regulated record-keeping requirements
3	Define the role of the key individual in terms of the FAIS Act.
7	Dealing with complaints that have been submitted to the Ombud for FSPs
6	Comply with the requirements of the FIC Act and Money Laundering and Terrorist Financing control regulations, as it applies to the FSP.

Subsequent Sections

FAIS Framework, Categories, and Subcategories: Understanding the FAIS framework, along with its various categories and subcategories, is crucial. This knowledge will help you understand the scope and limitations of different roles within the financial services industry.

Licensing: Knowing the licensing requirements is essential for compliance and ensuring that you and your organization operate within the legal parameters.

Representative and Key Individual: These sections provide detailed information about the roles and responsibilities of representatives and key individuals, respectively. Understanding these roles helps contextualize the legal and compliance requirements.

Record Keeping: Proper record-keeping is a cornerstone of compliance. This section will help you understand the best practices and legal requirements for maintaining accurate records.

Compliance and Ombudsman: These sections cover the broader compliance landscape and the role of the Ombudsman in resolving disputes, ensuring that you are well-versed in the mechanisms that support regulatory adherence.

FICA: The Financial Intelligence Centre Act (FICA) section will cover the anti-money laundering and counter-terrorist financing regulations that are crucial for financial service providers to understand and implement.

Why RE5 Online's Study Guide is the Best

RE5 Online’s Study Guide is meticulously designed to align with the Moonstone RE5 exam layout, ensuring a comprehensive and efficient preparation strategy. Our study guide not only covers all essential tasks but also structures the content in a way that optimizes your study time and effectiveness.

Here’s why our study guide stands out:

Structured Approach: The guide is organized according to the Moonstone exam tasks, helping you focus on each specific area systematically.
Optimized Study Time: Each chapter is paired with a recommended study time, ensuring you allocate your efforts effectively.
Comprehensive Coverage: With 117 pages and an estimated 25 hours of study time, the guide covers all necessary content thoroughly.
Priority Order: Tasks are arranged in an optimal study order, starting with the most crucial areas like the Code of Conduct.
Clear Layout: Easy-to-follow chapters and pages make the guide user-friendly and accessible.
Time Management: Helps you manage your study time efficiently, reducing overwhelm and increasing productivity.

Study Guide Breakdown:

Adhere to the specific Codes of Conduct: Chapter 12, 22 pages, ~4 hours (First priority)
Understanding the FAIS Act as a Regulatory Framework: Chapter 2, 19 pages, ~3.5 hours (Second priority)
Maintain an FSP License: Chapter 8, 16 pages, ~3 hours (Third priority)
Operate as a Representative in terms of the FAIS Act: Chapter 4, 37 pages, ~6 hours (Fourth priority)
Record-Keeping Requirements: Chapter 10, 4 pages, ~1 hour (Fifth priority)
Role of the Key Individual in the FAIS Act: Chapter 5, 9 pages, ~1.5 hours (Sixth priority)
Handling Complaints to the Ombud for FSPs: Chapter 7, 5 pages, ~1 hour (Seventh priority)
FIC Act and Money Laundering Compliance: Chapter 6, 5 pages, ~1 hour (Eighth priority)

Invest in RE5 Online’s Study Guide to minimise your study study time and maximize your chances of passing the RE5 exam!

NEED AN UPDATED RE5 AND RE1 STUDY GUIDE?

2024 RE5 Study Guide PDF download. Write your RE5 and RE1 Moonstone Exam with confidence using the latest updated study material from RE5 Online.

THE BEST RE5 STUDY MATERIAL!

Our 2024 RE5 Study Guide is the ONLY RE5 study material you need!

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