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 Games
4 free word games built on 20 RE5 Regulatory Examination — Representatives (South Africa) terms across 8 topics. Every game deals terms at random and shows what each term means, so you can keep playing as long as you like.
How to Play
- 1.Read the clue and type the term (3 to 6 letters).
- 2.Green: right spot. Yellow: wrong spot. Gray: not in the term.
- 3.Solve it in 6 tries, then read the explanation.
- 1.Swap two neighboring tiles to line up 3 of the same term.
- 2.Longer lines, two lines at once and chains score more.
- 3.Play until no swap can make a line.
- 1.Flip two cards. A matching pair stays face up.
- 2.Each pair you find shows what the term means.
- 3.Clear the board in as few moves as you can.
- 1.Find each listed term in the letter grid.
- 2.Drag across its letters: across, down or diagonally.
- 3.Find all five as fast as you can.
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 do the RE5 vocabulary games work?
There are 4 games built on 20 RE5 terms. In Guess the Term, a clue describes one term and you have six tries to spell it, with green, yellow and gray letters showing how close you are. In Term Match, six terms appear as colored tiles; swap neighbors to line up three or more of the same term, and each match shows what the term means. In Term Pairs, twelve face-down cards hide six pairs of terms; flip two at a time to find each pair, and every pair you find shows what the term means. In Term Search, five terms hide in a grid of letters, reading across, down or diagonally; drag across a term to circle it, and each term you find shows what it means.
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.