Do you need to do the Regulatory exam for Representatives, RE5?
Then this is the course for you!
An on-line course created by an a expert who set exam questions for the Financial Services Board. As the head of Discovery's regulatory training program and Group Compliance Manger, Gail Gibson had one of the highest first attempt pass rates in the industry for the regulatory exams. Gail left the corporate world to do her work as a multiple seta accredited moderator and assessor, using her experience to train and develop accredited international courses. Thousands of successful students can attest to her skill in preparing them for this exam.
In this course you will get:
Contact Gail at 0832003547 or email at email@example.com for any training needs
There are eight tasks and approximately 69 qualifying criteria to be covered in the exams. Areas tested will include:
The roles and responsibilities of representatives in terms of the FAIS Act
By the end of this unit you should be able to:
The word Ombud originated from Scandinavia and means “representative of the people”
When you give financial advice the first step is always to get to know your client, and this works both ways. The client must get to know you.
It is the general duty of a provider to give financial services honestly, fairly, with due skill, care and diligence keeping the interests of the clients in mind as well as the integrity of the financial services industry. In order to achieve this we have minimum requirements in the FAIS Act which are detailed in the codes of conduct.
In this section we will look at the disclosures you have to make to any client or group of clients.
Conflict of interest means a situation where a provider or a representative has an actual or potential interest that may influence the objective exercising of obligations to the client or prevent the rendering of financial services in an unbiased and fair manner. It will therefore occur when two or more interests conflict with one another and can render the financial service biased or inadequate.
This typically presents itself where product sales are linked to incentives, monetary or other lavish rewards (such as overseas trips). The danger is that the representative or provider may be influenced by these considerations without due care to the client and his/her needs.
Non-cash incentives offered and/or other indirect consideration payable by another provider, a product supplier or any other person to the provider could be viewed as a potential conflict of interest.
By the end of this unit the learner should be able to: