RE5 Regulatory Examination — Representatives (South Africa) Vocabulary Game
Exam terms with clues and explanations by OpenExamPrep.
About the RE5 Regulatory Examination — Representatives (South Africa) Vocabulary Game
A free word game for the RE5 Regulatory Examination — Representatives (South Africa) exam. Each round shows a clue for one of 20 exam terms across 8 topics. Recall the term, spell it out, then read a short explanation. Rounds pick a random term, so you can keep playing as long as you like.
How to Play
- 1Read the clue and type a term with the right number of letters (3 to 6). Abbreviations count: type the letters only.
- 2Press Check Answer or Enter. Each letter changes color to show how close you are.
- 3You have 6 tries. Stuck? Need a hint? asks the AI tutor for a nudge without giving the term away, and Skip moves to a new term.
- 4After the round, read the explanation, ask the AI to explain it, share your result, or press Next.
- ARight letter, right spot
- AIn the term, wrong spot
- ANot in the term
Topics in the RE5 Regulatory Examination — Representatives (South Africa) Vocabulary Game
Regulatory framework
Licensing
Oversight role
Codes of conduct
Document retention
Money laundering controls
Complaint redress
Representative duties
Sources for these terms (11)
- Regulatory Examinations FAQ · Source checked 2026-11-03
- FSCA Supervisory Information (legislation list and AML overview) · Source checked 2026-11-03
- FAIS - Fit and Proper · Source checked 2026-11-03
- RE1 and RE5 Preparation Guideline, 17 January 2026 (Version 1) · Source checked 2026-11-03
- General Code of Conduct for Authorised Financial Services Providers and Representatives, 2003 (as amended to 26 June 2020) · Source checked 2026-11-03
- Determination of Fit and Proper Requirements for Financial Services Providers, 2017 (Board Notice 194 of 2017) · Source checked 2026-11-03
- Financial Services Tribunal decision: Regenesis Markets (Pty) Ltd and M M Lentsoane v FSCA · Source checked 2026-11-03
- Financial Services Tribunal decision FSP42/2026 · Source checked 2026-11-03
- Financial Services Tribunal decision FSP29/2026 · Source checked 2026-11-03
- Financial Intelligence Centre Frequently Asked Questions · Source checked 2026-11-03
- Ombud Council Rules for the Ombud for Financial Services Providers: Compensation Limit Raised to R3.5 million · Source checked 2026-11-03
About the RE5 Exam
The RE5 is the Regulatory Examination for Representatives required under South Africa's Financial Advisory and Intermediary Services (FAIS) Act, 37 of 2002. It is a fit and proper competency requirement for any person who renders financial services (advice or intermediary services) to clients on behalf of an authorised Financial Services Provider (FSP), across all categories of FSPs with limited exceptions. The exam is set against the FAIS Act and its subordinate legislation, especially the General Code of Conduct for Authorised FSPs and Representatives and the Determination of Fit and Proper Requirements. It is a closed-book, supervised, in-person multiple-choice exam of 50 questions in 2 hours, with a 65% pass mark, administered by Moonstone on behalf of the FSCA. Candidates are tested on understanding and application of the regulatory framework rather than on memorising product facts.
Exam sponsor: Financial Sector Conduct Authority (FSCA); examination administered by Moonstone Information Refinery.. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Assessment
50 single-best-answer multiple-choice questions, each with four options and each worth 2%. Questions are drawn from the published RE5 tasks and qualifying criteria covering the FAIS Act and its subordinate legislation.
Time Limit
2 hours (120 minutes).
Passing Score
65% pass mark, which for RE5 means at least 33 correct answers out of 50 (32/50 = 64% fails; 33/50 = 66% passes).
Exam / Certification Fees
R1 300 (VAT inclusive) per examination per candidate under the current FSCA fee notice; confirm the current amount with Moonstone before booking.
Exam sponsor websiteFees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Frequently Asked Questions
Is the RE5 vocabulary game free?
Yes. The game is free to play with no sign-up. Signing in adds AI explanations for any term.
How does the RE5 vocabulary game work?
Each round shows a clue for one of 20 RE5 terms. Guess the term in six tries: green means the right letter in the right spot, yellow means the letter is in the term but in another spot, and gray means it is not in the term. After the round, read the explanation and play the next term.
Where do the RE5 terms come from?
OpenExamPrep researched each term from the Financial Sector Conduct Authority (FSCA); examination administered by Moonstone Information Refinery. content outline and primary sources, listed under Sources on this page. The game is independent study material, not an official exam resource.
How many questions are on the RE5 exam and what is the pass mark?
The RE5 has 50 single-best-answer multiple-choice questions and a 65% pass mark. That means you need at least 33 correct out of 50; 32 out of 50 is 64% and fails, while 33 out of 50 is 66% and passes.
How long is the RE5 exam and is it open-book?
You have 2 hours to complete the 50 questions. It is a supervised, closed-book exam written in person at an approved venue. Where a question refers to a section of legislation, that section is reproduced in the question for reference.