FSCA RE5 & RE1 Regulatory Exam Co-Pilot • BN 194 Aligned
4.9 Verified Advisor Reviews

Pass Your FSCA RE5 & RE1 Exam First Time.

Re-booking a failed Moonstone exam costs R1,426 and risks your DOFA supervision deadline. Skip the 450-page FAIS legal textbook — master all 34 Statutory Timeframes, Monetary Thresholds & 360 Double-Negative Traps in 15 minutes a day.

Diagnostic vs Pro Pass Free web preview: 3-Question Statutory Diagnostic. The RE5 & RE1 Pro Pass (R249): 360 Moonstone double-negative traps, 34 Statutory Cheat Sheets & 5-Module Pass Course.
View 5-Module Plan →
Start Free Diagnostic ★ Unlock RE5 & RE1 Pass Plan (R249)
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100% Aligned with FSCA Legislation: Built directly on FAIS Act 37 of 2002, Board Notice 194 of 2017 (Determination of Fit and Proper Requirements), the General Code of Conduct, and FICA Act 38 of 2001.
Free 3-Question Statutory Diagnostic Android, iOS, Huawei & Web Browser RE5 & RE1 Pro Pass (R249 Once-Off) Save R1,426 Re-Write Fee
360+ Official

Moonstone Questions

90 base + 270 trap variations

50 / 80 Q Timed

RE5 & RE1 Mocks

66% RE5 / 65% RE1 pass mark

34 Cards Statutory

Cheat Sheets

Timeframes & R-Thresholds

Tasks 1-8 All

FSCA Exam Matrix

Reps (RE5) & KIs (RE1)

09:41
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RE5 & RE1 Co-Pilot Mobile Study App
Official FSCA Examination Matrix
Moonstone & FSCA Syllabus Weighting • 65% Pass Standard (33/50)
Pillar 1 • 52% Weight
FAIS Governance

FSP licensing, Key Individual responsibilities, Fit & Proper requirements, debarments, and statutory compliance duties.

Pillar 2 • 32% Weight
General Code of Conduct

Client disclosures, conflict of interest, FAIS Ombud determinations, complaints resolution, and custody of financial products.

Pillar 3 • 16% Weight
FICA & AML Compliance

Risk Management Compliance Programme (RMCP), CDD customer due diligence, cash threshold reporting, and 5-year record retention.

RE5 & RE1 Co-Pilot At A Glance

RE5 Pass Mark 33 / 50 (66%)
RE1 Pass Mark 52 / 80 (65%)
Moonstone Re-Write R1,426 Saved
Question Pool 360 Exam Traps
Cheat Sheets 34 Statutory Cards
Pro Pass Price R249 Once-Off
The Cost of Failing Moonstone in South Africa

Why 59% of First-Time RE5 & RE1 Candidates Fail

Failing your FSCA Regulatory Exam doesn't just cost R1,426 to re-book — it puts your DOFA supervision deadline and FAIS career on the line.

1. Avoid the R1,426 Moonstone Re-Write Fee & DOFA Debarment

Every failed sitting at Moonstone (faisexam.co.za) costs R1,426 to re-book, plus weeks of lost commission and the stress of missing your 24-month DOFA regulatory deadline.

2. Skip the 450-Page INSETA Legal Textbook

Nobody has 40 hours to read dense parliamentary acts. We distilled all 8 FSCA Qualifying Criteria Tasks into 34 1-page Statutory Cheat Sheets, Number Sliders, and Interactive Role Matrices.

3. Defeat Moonstone's Double-Negative Phrasing Traps

Advisors fail by 1 or 2 marks (32/50 instead of 33/50) because of subtle traps like "Which is NOT incorrect..." or confusing 5 business days with 15 calendar days. We drill you on all 360 variations.

💡

Moonstone Re-Write Reality Check: Paying R1,426 to re-write your RE5 or RE1 exam costs nearly 6x more than unlocking our entire 5-Module Pass Course today (R249 once-off • 58% OFF R599).

Pass First Time (R249) →
The Clear Choice for Advisors

Why Static PDF Dumps & 450-Page Manuals Fail Candidates

Memorizing outdated WhatsApp PDF question dumps creates dangerous false confidence. When Moonstone randomizes double-negative stems and statutory timeframes, unprepared candidates score 60% instead of the required 66%.

✕

450-Page Textbooks & WhatsApp PDFs

Why 59% of first-time Moonstone candidates fail

  • ✕ 40+ Hours of Dense Legalese: Reading raw FAIS Act and Board Notice 194 text after work without knowing which clauses are actually tested.
  • ✕ Outdated Pre-2018 Questions: Old PDFs still test repealed Board Notice 106 rules instead of current BN 194 of 2017 & FICA RMCP standards.
  • ✕ Zero Double-Negative Drills: No training on Moonstone's "EXCEPT", "LEAST likely", and "NOT required" question stems.
  • ✕ Zero Statutory Cheat Sheets: Wasted study hours hunting through raw legislation without 1-page summaries of Tasks 1 to 8.
  • ✕ No Statutory Cheat Sheets: Easy to mix up 5 days, 15 days, 30 days, 6 weeks, and 5 years under exam pressure.
R249 Once-Off • Save R1,426 Re-Write Fee
✓

RE5 & RE1 Co-Pilot Pro Pass

Complete Web + Mobile App Pass Arsenal • Until You Pass Guarantee

  • ✓ 34 Statutory Cheat Sheets: Every FAIS & FICA timeframe, monetary threshold (R1,000 gift cap, R10m fine), and role duty on 1-page cards.
  • ✓ 360 Moonstone Trap Variations: 90 base questions x 4 double-negative phrasing variations mapped across Tasks 1 to 8.
  • ✓ 5-Module Interactive Pass Course: Statutory Number Sliders, Debarment vs Fine Swipe Drills, and the 50-Q / 80-Q Mock Gauntlet.
  • ✓ 8-Task Study Guide & 34 Cheat Sheets: High-impact 1-page statutory reference cards covering every Moonstone exam task.
  • ✓ Until-You-Pass Guarantee: Pay R249 once-off (never a monthly subscription) and keep full access until you hold your FSCA certificate.
Compare Free vs R249 All-Access Pass → ★ Get the 1st-Time Pass Plan (R249 Once-Off)
★ The R249 All-Access Pass Toolkit

It's Not Just a Question Bank — The Complete FSCA RE5 & RE1 Pass Arsenal

Reading 400 pages of raw FAIS legislation is not enough to survive Moonstone's negative-wording exam traps. For a once-off fee of R249 (never a subscription), get the complete regulatory arsenal built to conquer every task of the South African FSCA RE5 & RE1 exam.

Anti-Trap Simulator

360 Exam-Grade Trap Questions

Moonstone examiners love negative phrasing ("EXCEPT", "LEAST LIKELY", "MOST CORRECT") and multi-statement combinations. RE5 & RE1 Co-Pilot trains you across all 360 exam-grade variations so you never fall for statutory trick wording.

All 8 FSCA Qualifying Tasks • Anti-Trap
High-Yield Summaries

34 Statutory Cheat Sheets

Memorize every statutory timeframe at a glance: 5-day debarment notice, 15-day Representative Register updates, 30-day Record of Advice, 5-year record retention, R1,000 conflict limit, and R50,000 FICA Cash Thresholds.

34 Statutory Reference Cards • Fast Recall
Mistake Remediation

4-Step Mistake Remediation Plans

Never wonder "why was my option wrong?". Missed questions trigger a targeted 4-step action plan: Statutory Section Citation → Plain-Language Breakdown → Moonstone Trap Analysis → Retest Drill until mastery hits 100%.

Automated Weak Task Drilling • 100% Mastery
Syllabus Breakdown

5-Module Guided Pass Course

No need to drown in dense Gazettes. Follow our structured 5-module interactive course covering FAIS Act 37 of 2002, General Code of Conduct, BN 194 of 2017 Fit & Proper, FICA 38 of 2001, and KI Oversight.

FAIS, Code, Fit & Proper, FICA • 2026 Syllabus
Zero Data Cost • Web, iOS & Android

100% Offline Mobile Companion App

Study between client meetings or during load-shedding without consuming mobile data. The RE5 & RE1 Co-Pilot companion app stores the full 360-question bank, 34 statutory cheat sheets, and timed Moonstone simulators completely offline on your device.

Get on Google Play → Download on App Store → Web • Google Play • App Store
Offline Timed Moonstone Exams • Instant Analytics Zero Mobile Data Required
Official FSCA Moonstone Preparation Roadmap

The 5-Module "Pass First Time" Game Plan

Why risk R1,400+ in Moonstone re-booking fees or face supervision debarment? Follow this structured 5-module roadmap to walk into your FSCA exam with 100% confidence.

MODULE 1 Diagnostic & FAIS Act

Baseline & FAIS Framework

Tasks 1 & 2 • Licensing & Categories

Take an unassisted baseline assessment and master FAIS Act 37 of 2002 fundamentals: Advice vs Intermediary Services, FSP Categories I–IV, Section 8 licensing conditions, Section 9 suspension, and Section 11 lapsing.

✓ Zero guesswork • Pinpoints weak qualifying tasks
MODULE 2 General Code (BN 80)

General Code & Disclosures

Task 4 • Conflicts, Advice & Custody

Conquer the highest-weighted section of RE5: Conflict of Interest Policy, the R1,000 immaterial financial interest cap, Section 8 suitability analysis, 30-day Record of Advice, and Section 10 separate trust accounts.

✓ Includes 12 statutory disclosure cheat sheets
MODULE 3 BN 194 & Section 14

Fit & Proper & Debarment

Tasks 3 & 8 • Supervision, CPD & Section 14

Master Board Notice 194 of 2017 competence timelines, Services under Supervision (BN 86 of 2018), CPD cycles (1 June – 31 May: 6/12/18 hrs), and exact PAJA Section 14 debarment steps (5-day & 15-day FSCA notices).

✓ Side-by-side RE5 Representative & RE1 KI rules
MODULE 4 FICA & FAIS Ombud

FICA, Records & Ombud

Tasks 5, 6 & 7 • AML, Retention & Claims

Lock in 100% marks on FICA Act 38 of 2001: RMCP, CDD, DPIPs/FPPOs, R49,999.99+ CTRs (3 business days), Section 29 STRs (15 business days), 5-year record-keeping (7-day retrieval), and the R800,000 FAIS Ombud limit.

✓ Statutory turnaround day master table
MODULE 5 Simulation • 90%+ Readiness Clearance
Official Moonstone Pass Standard

The Full Moonstone Exam Simulation

Timed 50-Question RE5 (120 Min) & 80-Question RE1 (150 Min) Replica

Sit the complete timed exam under authentic Moonstone conditions. Dynamic question variations and shuffled options prevent rote memorization. Once you achieve 90%+ Pass Probability, you are statistically cleared to pass at Moonstone on your very first sitting.

✓ Pass mark certification: 66% (33/50) RE5 • 65% (52/80) RE1
Start 5-Module Plan (R249) →

The Statutory & Moonstone-Aligned Guarantee

Don't rely on outdated 2018 PDF dumps or sketchy Telegram groups. Prepare with the only 2026 FSCA-aligned RE5 & RE1 platform built on Board Notice 194 of 2017 and the FICA Amendment Act.

Get the 1st-Time Pass Plan →
★ Transparent Once-Off Value

Free Diagnostic vs. The R249 First-Time Pass Plan

Start with a free 15-question Moonstone diagnostic test, or unlock all 360 trap questions, 34 statutory cheat sheets, and the 5-module course for just R249 once-off — never a recurring subscription, backed by our 100% "Until You Pass" guarantee.

Free Diagnostic Baseline Assessment
R0 Free forever

Ideal for a 15-question baseline diagnostic to test your current FAIS & FICA readiness on desktop or mobile browser.

  • ✓ 15-Question Diagnostic Exam (RE5 Representative & RE1 Key Individual sample)
  • ✓ Baseline Pass Probability score & qualifying task breakdown
  • ✓ Browser access on phone, tablet or laptop
  • ✕ Full 360 Trap Question Bank: Limited to 15 diagnostic questions
  • ✕ Full 50q RE5 & 80q RE1 Timed Mocks: Locked in preview mode
  • ✕ 34 Statutory Cheat Sheets: Only 1 sample card unlocked
  • ✕ 5-Module Pass Course: Guided FAIS & FICA modules locked
  • ✕ Mistake Action Plans: No step-by-step statutory remediation
  • ✕ Offline Mobile App Sync: Requires Pro Pass activation
Take Free Diagnostic (15 Qs) →
★ Recommended • 30-Day Full RE5 & RE1 Access
The 1st-Time Pass Plan Until You Pass Guarantee
R599 R249 58% OFF • Once-Off • No Subscription

Save R1,400+ in Moonstone re-write fees. Unlock the full 360-question bank, 34 statutory cheat sheets, and 5-module course across Web, iOS, and Android.

  • ✓ 5-Module Guided Pass Course: Step-by-step mastery of FAIS Act, General Code, BN 194 Fit & Proper, and FICA.
  • ✓ 360 Exam-Grade Trap Questions: Every negative-wording (EXCEPT / NOT / LEAST LIKELY) and Roman-numeral combo covered.
  • ✓ Unlimited Full Moonstone Mock Exams: Timed 50-question RE5 (66% pass) & 80-question RE1 (65% pass) simulations.
  • ✓ 34 Statutory Cheat Sheets: All mandatory FAIS & FICA turnaround days, retention rules, and monetary limits on 1-page cards.
  • ✓ Real-Time Pass Probability Engine™: Tracks your mastery across all 8 FSCA qualifying tasks until you hit 90%+ clearance.
  • ✓ Personalized 4-Step Mistake Action Plans: Diagnoses missed questions with exact FAIS Act & Board Notice section citations.
  • ✓ 100% Offline Mobile & Web Sync: Study anywhere on Web, iOS, and Android with zero mobile data required.
  • ✓ All 11 Official SA Languages: Toggle plain-language explanations in English, Afrikaans, isiZulu, isiXhosa, Sesotho & more.
  • ✓ "Until You Pass" Guarantee: If you need more time, your access is extended free until you hold your FSCA certificate.
Get the 1st-Time Pass Plan (R249 Once-Off)
Download Companion App

Instant activation • Official PayFast checkout (Capitec Pay, Instant EFT, Cards, Scan) • Tax-deductible CPD/Exam invoice available

Corporate FSP & Brokerage Pass

Enrolling 5+ Representatives from your Brokerage?

Protect your firm against R1,426 Moonstone re-write penalties and supervision deadlines. Get volume discounts, centralized VAT invoicing, and automated Compliance Officer progress scorecards.

Same-day volume quote • Formal tax invoice
Verified Financial Advisor Outcomes

Real Representatives & KIs. Real Moonstone Passes.

Authentic feedback from South African financial advisors, bankers, and compliance officers passing their official FSCA RE5 & RE1 exams.

4.9 / 5.0 Candidate Satisfaction Rating 2026 FSCA BN 194 Syllabus Verified

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Share Your Official Moonstone RE5 / RE1 Pass!

Representatives and Key Individuals across South Africa are preparing daily. When you pass your official FSCA Regulatory Exam with RE5 & RE1 Co-Pilot, submit your verified result to help fellow advisors.

Start 5-Module Pass Plan (R249) Try Free Practice Exam
★ Candidate Pass Review

Share Your RE5 & RE1 Co-Pilot Experience

Your authentic feedback helps fellow South African Representatives and Key Individuals pass first time.

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The 5-Step Journey to Your FSCA Certificate

How RE5 & RE1 Co-Pilot Guides You to Exam Day

Click through the five milestones below to see the exact screens and statutory tools supporting your journey.

Step 1 • Baseline Assessment

Know Your Pass Probability Before Booking at Moonstone

Never pay R1,400+ to book at Moonstone blind. Take a 15-question diagnostic exam across the FAIS Act, General Code of Conduct, Fit & Proper, and FICA. Our engine calculates your instant pass probability so you know when you are ready.

✓ Instant baseline score across all 8 FSCA qualifying tasks

✓ Tailored for RE5 (Representatives) & RE1 (Key Individuals)

Step 2 • Computerized Simulation

Exact Moonstone Exam Simulation

Moonstone exam centres test your comprehension under strict time pressure. Our simulator replicates the exact 120-minute (RE5) and 150-minute (RE1) countdown clocks, question flagging, and negative-wording traps (`EXCEPT`, `LEAST LIKELY`, `MOST CORRECT`).

✓ 360 exam-grade trap questions across all statutory tasks

✓ Official FSCA pass thresholds: 66% (33/50) RE5 & 65% (52/80) RE1

Step 3 • Targeted Error Correction

Smart Statutory Mistake Bank

Every question you miss is automatically saved in your personal Mistake Bank. Drill only the statutory clauses you got wrong, complete with exact FAIS Act and Board Notice references plus explanations in all 11 official SA languages.

✓ Zero wasted time re-testing tasks you already know

✓ Automatically clears mastered statutory rules from your bank

Step 4 • Statutory Timeframes

34 Statutory Cheat Sheets & Day Matrix

Statutory timeframes and monetary caps account for up to 35% of Moonstone exam marks. Master our 34 high-yield cheat sheets covering every 5-day, 7-day, 15-day, 30-day, 6-week, and 5-year rule.

✓ Quick-reference cards for Section 14 debarment & FICA reporting

✓ R1,000 conflict cap, R50,000 CTR, and R800,000 Ombud jurisdiction

Step 5 • Official Exam Day

Moonstone Exam-Day Pass Kit

Don't forfeit your exam fee at the venue door. Our built-in checklist verifies your original SA ID / Smart Card, Moonstone booking confirmation (`faisexam.co.za`), arrival window (30 minutes prior), and time-management pacing strategy.

✓ Official Moonstone exam venue admission checklist

✓ Pro-tip: Flag multi-statement Roman numeral questions for second pass

Experience This on the Web
09:41
5G
RE5 & RE1 Co-Pilot Pass Probability & Candidate Dashboard
QUESTION 18 OF 50 (RE5) 01:38:42
TASK 8 • SECTION 14 DEBARMENT

Within how many days must an FSP notify the FSCA after debarring a Representative in terms of Section 14 of the FAIS Act?

A. Within 15 calendar days
B. Within 5 days of the debarment
C. Within 30 days of notice of intention
Mistake Bank (3 Clauses)
REMEDIATION MODE
CONFLICT OF INTEREST CAP

What is the maximum immaterial financial interest a Representative may receive per calendar year?

Statutory Rule: Maximum of R1,000 per calendar year from any single third party (General Code of Conduct Section 3A).

Ref: Board Notice 80 of 2003, Sec 3A(1)(b)

Statutory Timeframe Matrix
3d
5d
7d
15d
30d
6w
4m
5y

5 DAYS: FSCA DEBARMENT NOTICE

FSP must notify the FSCA within 5 days after removing a Representative from the register under Section 14(3).

Moonstone Venue Checklist
✓ Original SA ID Book, Smart ID, or Passport
✓ Moonstone Booking Confirmation Email
✓ Arrive 30 Minutes Before Session Start
✓ 90%+ Pass Probability Cleared on App
★ FSCA RE5 & RE1 Pass Kit

Pass Your RE5 & RE1 First Time.

Master all 360 exam-grade trap questions, 34 statutory cheat sheets, and the 5-module guided pass course across Web, iOS, and Android.

Unlock All-Access Pass (R249)
Download App

R249 once-off (58% OFF from R599) • No subscription • Extended free until you pass • Instant activation

FSCA All-Access

RE5 & RE1 Pass Kit

R599
R249
once-off (58% OFF)
  • 360 Exam-Grade Trap Questions (RE5 & RE1)
  • 34 Statutory Cheat Sheets & Timeframes
  • 5-Module Guided Pass Course
  • Unlimited Timed Moonstone Mocks
  • 100% Offline Mobile & Web App
Get Pass for R249 →

No subscription • Valid until you pass

The Official FSCA Moonstone Pass Mark Standard

The computerized Regulatory Examinations administered by Moonstone require strict statutory mastery across all qualifying tasks.

33

RE5 Representatives

66.0%

50 Questions • 120 Minutes

Covers all 8 RE5 Qualifying Tasks: FAIS Act framework, General Code of Conduct (BN 80), Fit & Proper (BN 194), FICA AML obligations, Record-Keeping, and Section 14 Debarment.

Pass threshold: Minimum 33 / 50 (66%)

52

RE1 Key Individuals

65.0%

80 Questions • 150 Minutes

Covers FSP management and oversight duties, Section 8 licensing conditions, operational ability, financial soundness, compliance officer supervision, and debarment execution.

Pass threshold: Minimum 52 / 80 (65%)

90%

Co-Pilot Clearance

90.0%+

Safety Margin Above 66%

Aiming for 66% leaves zero margin for Moonstone negative-wording traps. Our Pass Probability Engine™ trains you to 90%+ mastery before you sit the real exam.

Recommended target: 45 / 50 (90%)

Mzansi Multi-Lingual Hub • All 11 Official SA Languages

Understand Every Statutory Trap in Your Mother Tongue. Zero Confusion.

While the official Moonstone FSCA exam is written in English, legal jargon trips up thousands of brilliant advisors. Toggle instant plain-language explanations in your home language alongside the official English statutory text.

EN Official Moonstone Exam Language

English Statutory Guide

Exact FAIS Act & Board Notice Phrasing

Complete FAIS Act 37 of 2002, General Code of Conduct, BN 194 of 2017, and FICA 38 of 2001 curriculum with 360 exam-grade trap questions.

Study Syllabus → Take Test
ZU RE5 & RE1 NgesiZulu

isiZulu Statutory Explanations

Imibuzo Nezimpendulo ze-FAIS & FICA

Qonda imithetho ye-FSCA FAIS Act ne-General Code of Conduct ngolimi lwasekhaya ukuze ungalutheki emibuzweni eyizicupho yakwa-Moonstone.

Funda isiZulu → Qala Manje
XH RE5 & RE1 NgesiXhosa

isiXhosa Statutory Explanations

Iingcaciso ze-FAIS Act ngesiXhosa

Pasa uvavanyo lwe-FSCA RE5 & RE1 ngokokuqala. Iingcaciso ezicacileyo ze-Fit and Proper, i-FICA kunye ne-Section 14 Debarment ngolwimi lwakho.

Funda isiXhosa → Qala Ngoku
ST RE5 & RE1 Ka Sesotho

Sesotho Statutory Explanations

Melao ea FAIS le FICA ka Sesotho

Feta tlhahlobo ea hao ea FSCA RE5 le RE1 lekhetlo la pele. Litlhaloso tse hlakileng tsa melao ea FAIS, Code of Conduct le FICA ka Sesotho.

Funda Sesotho → Qala Teko
AF FSCA RE5 & RE1 Gids

Afrikaanse Verduidelikings

Volledige FAIS & FICA Verduidelikings

Slaag jou Moonstone RE5- en RE1-eksamen eerste keer met helder Afrikaanse verduidelikings vir elke FAIS-artikel, Gedragskode en FICA-vereiste.

Afrikaanse Gids → Doen Toets
360 All 11 SA Languages

Moonstone Exam Simulator

Instant Bilingual Explanation Switcher

Switch seamlessly between English, Afrikaans, isiZulu, isiXhosa, Sesotho, Setswana, Sepedi, and more while drilling the 360 FSCA trap questions.

Open Web Exam Simulator
Official Moonstone Exam Day Checklist

Everything You Need on Exam Day

Don't forfeit your Moonstone exam fee due to a technicality at the door. Ensure you have each of these requirements ready before heading to your exam venue:

Original SA ID, Smart ID Card, or Driver's Licence

Bring your original green barcoded ID book, Smart ID card, valid SA Driver's Licence card, or valid Passport. Copies or expired documents are strictly rejected by Moonstone invigilators.

Moonstone Booking Confirmation (`faisexam.co.za`)

Verify your exact exam centre address, venue room, and session time on your Moonstone confirmation email at least 48 hours prior to sitting.

Arrive at Least 30 Minutes Early

Identity verification, attendance register signing, and terminal seating close strictly before the exam starts. Late arrivals are barred from entering and forfeit the full exam fee.

Closed-Book & Device-Free Protocol

Smartwatches, cellphones, study notes, and programmable calculators must be switched off and stored away before taking your seat.

Use the 2-Pass Flagging Technique

Boosts Score +12%

Complete all direct statutory questions first (~60 mins), flag long multi-statement Roman numeral questions (`I, II and IV only`), and use your remaining hour to dissect every negative-wording trap carefully.

Choose Your Regulatory Exam

FSCA BN 194 of 2017
RE5 (Representatives) Most Popular 50 Qs • 66% Pass

Mandatory for all appointed FAIS Representatives rendering financial advice or intermediary services across Category I, II, IIA, III, or IV FSPs. Time limit: 120 minutes (33/50 required).

RE1 (Key Individuals) 80 Qs • 65% Pass

Mandatory for Key Individuals and Sole Proprietors responsible for managing and overseeing the financial services activities of an authorised FSP. Time limit: 150 minutes (52/80 required).

Representatives Under Supervision BN 86 of 2018

Representatives appointed under supervision must pass the RE5 exam within 24 months (2 years) from their date of first appointment to avoid mandatory removal from the FSP register.

Administrator: Moonstone RE5 Pass: 33/50 (66%) Certificate never expires once passed

Frequently Asked Questions

Everything you need to know about passing your South African FSCA RE5 & RE1 Regulatory Exam.

For the RE5 (Representatives) exam, you must answer 50 multiple-choice questions in 120 minutes (2 hours) and achieve at least 66% (33 out of 50). For the RE1 (Key Individuals) exam, you must answer 80 multiple-choice questions in 150 minutes (2.5 hours) and achieve at least 65% (52 out of 80). RE5 & RE1 Co-Pilot replicates these exact Moonstone conditions.
You get full access to both! You can practice directly in your desktop or mobile browser at re5examprep.co.za/practice, and you can also install our offline mobile companion app on iOS and Android. To unlock all 360 exam-grade trap questions, 34 statutory cheat sheets, and the 5-module guided course, get the All-Access Pass for R249 once-off backed by our Until-You-Pass guarantee.
In terms of the Exemption of Services under Supervision (Board Notice 86 of 2018), a Representative must pass the RE5 Regulatory Examination within 24 months (2 years) from their date of first appointment as a Representative. Once you pass RE5 or RE1, your regulatory exam certificate never expires.
Because the exam does not test sales skill or product knowledge—it tests exact statutory phrasing from the FAIS Act 37 of 2002, General Code of Conduct, BN 194 of 2017, and FICA. Moonstone questions use double negatives ("Which of the following is NOT an obligation EXCEPT...") and four-statement Roman numeral combinations where one word changes the legal outcome. Our 360 trap questions train you specifically to spot and defeat these patterns.
FSCA RE5 & RE1 First-Time Pass Promise

Join Thousands of SA Financial Advisors Who Passed First Time

Don't risk a R1,400+ Moonstone rewrite fee or supervision deadline. Practice with the 2026 FSCA question bank and pass your RE5 or RE1 exam with confidence.

Start Free Moonstone Diagnostic
RE5 & RE1 Co-Pilot App Get Web, Android & iOS