What is a RE5 Certificate?
The RE5 certificate is your license to SELL financial products!
From your Date of First Appointment, also known as DOFA, you have 2 years to pass your RE5 exam and get the RE5 License.
But, many FSP's require you to have an RE5 Certificate before they will hire you!
The RE5 certificate (also referred to as an RE5 License) will be issued to you after you successfully pass the regulatory exam for representatives (the RE5 Exam can only be taken through Moonstone). Financial service providers (FSPs) require their representatives to have their RE5, if they provide financial advice or offer an intermediary service on their behalf. Important to remember, the RE5 certificate is not a qualification. These regulatory exams are part of the fit and proper requirements as per the FAIS Act, and the FSCA regulates this market conduct of financial institutions.
To pass the RE5 exam, you need to score at least 33 out of 50 (66%). Passing the RE5 exam is difficult, to successfully write your RE5 exam, do an RE5 Course at RE5 Online!

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