RE5 exam preparation
The legislation, explained in plain language. Short lessons, videos for the hard parts, and practice quizzes with an explanation for every answer — so you walk into the exam ready.
Preparation for the RE5 regulatory examination for representatives in all categories of FSPs. Six weeks that follow the FSCA qualifying criteria task by task, with plain-language notes, the sections of the law to read, a quiz after each module and timed mock exams.
See the course plan →Tutor-led group sessions are announced to students first.
RE5 is the regulatory examination for representatives under the FAIS Act. It tests the legislation that governs financial advice and intermediary services in South Africa. It has 50 multiple-choice questions.
Almost every representative of a financial services provider (FSP): advisers, agents and call-centre sales staff, in every category. Only a few narrow roles are exempt, such as funeral-only sales. If you sell or advise on financial products, plan on writing it.
The law says before you are appointed, and most employers want it done before they hire. If you start under supervision, you cannot work on your own until you meet all the requirements, and the RE5 is one of them; if you run out of time you must stop giving advice. The sooner you pass, the sooner you work independently.
Yes. You do not need to work for an FSP to register. Many job adverts for insurance sales and service roles ask for the RE5, so having it already sets you apart from candidates who still have to write it.
You register and book with Moonstone, the FSCA's examination body, online at faisexam.co.za or by phone, and write it in person at an approved venue. The exam fee is set by law and paid to them, not to Danley. Check the current fee when you book.
You need 33 of the 50 questions right: the pass mark is 65%. Each question has four options. Check the exam body's current rules when you book, because they can change.
No. Danley gets you ready; you register for and write the exam through the FSCA's examination body. Most students book once their readiness score says they are ready.
The FSCA does not approve any exam-preparation provider, so no course can claim that. What counts is passing the exam, and everything in Danley is built for that: lessons from the FSCA's published syllabus, practice questions and timed mock exams.
Your certificate comes from the exam body when you pass the RE5, and that is the one employers ask for. Danley gets you ready to earn it, with a readiness score that tells you when to book.
The course is laid out over 6 weeks, and most people study a few hours a week. Enter your exam date on your dashboard and it works out how much to do each day.
You can register again and rewrite. Your access lasts 180 days, so your lessons, practice questions and mock exams are all still there for your next attempt.
RE5 is for representatives: advisers, agents and call-centre sales staff. RE1 is for the FSP itself, key individuals and compliance officers, and has 80 questions. If you are joining an FSP to advise or sell, it is almost always RE5.
180 days from the day you pay: long enough to study, write, and rewrite if you need to.
Yes. Take the free 10-question practice test with no sign-up, or create a free account and the first three lessons of Module 1 are open, including a video. Unlock the full course when you are ready.
9 modules over 6 weeks following the exam tasks, a short video for every module, plain-language notes, a quiz after each module with explanations, timed mock exams, practice and daily review of your wrong answers, and a readiness estimate.
Yes, it is built for phones. Videos are short, about two minutes each, and compressed to a few megabytes, so studying does not eat your data.
By card through Paystack, in rand. You can get a refund within 7 days of paying, as long as you have not opened any lesson or quiz since paying. Live classes are not refundable.
Yes. Teams of 5 or more get a lower price per rep, one invoice paid by EFT, and progress reports. See For employers at the top of this page.
No. Danley is exam preparation only. Nothing in a course is advice on any financial product.
Optional small-group classes with a tutor to work through difficult topics, from R250 a ticket. Booked separately; your ticket gives you the join button and reminders.
