Study Tips

[Virtual Presenter] Welcome everyone to our presentation on Re5 Study strategy and exam tips. Today, we will provide specific advice and guidance on how to successfully prepare for the Re5 Exam. Our presentation is based on the expert advice of our professionals and aims to equip you with the right tools to help you pass with confidence. Let's get started..

[Audio] At the Re5 exam, the two-hour closed book exam will contain 50 multiple choice questions, each worth two marks. That equates to 2.4 minutes per question. It is important to remember to bring your ID book and proof of registration. To be successful, you must answer 33 questions correctly which is 66% of the total score..

[Audio] Creating a Preparation Checklist is the second tip for successfully completing the RE5 Exam. Gather the most current and accurate study material for the exam, then read and understand it thoroughly, making sure that all of the terms are clear. To ace the exam, general knowledge of the RE5 topics is not enough; it is necessary to practice answering questions using mock tests and mock exams, and to focus on the lesson quizzes to gauge your own readiness for the exam..

[Audio] It is important to ensure that the right reference material is used when preparing for the regulatory examinations. The Financial Services Conduct Authority has created a preparation guide that can be accessed online and is free of charge. The guide contains the qualifying criteria and relevant material that were established through consultation with industry representatives. This material is necessary for both the knowledge and skills that have been examined in the regulatory exams. In addition to providing the criteria, the guide also includes how the criteria link to the relevant material in Appendix A. To achieve the best results, this material must be studied carefully..

[Audio] The FSCA has provided a Preparation Guide as part of this study guide. Sections 1 and 2 of the guide are of particular importance. Section 1 offers pages 2 to 16, which include details of the exam format, reference material, study tips and frequently asked questions. Section 2 is split into two parts, pages 17 to 39 contain information on 16 tasks associated with key individuals (RE1) while pages 40 to 49 provide information on tasks associated with representatives (RE5). Reading through the guide should provide knowledge of the exam and help with your preparation and study..

[Audio] As you prepare for your Re5 exam, it is crucial to be aware of the different tasks you may encounter. Most of the questions will come from Chapters 2, 4, 5, and 8, so it is essential to focus on these sections. Chapter 8 deals with the FAIS Act and being an intermediary, Chapter 2 looks at keeping the FSP licence, Chapter 4 explains conforming to regulations, and Chapter 5 examines satisfactorily meeting the regulated record keeping needs. Additionally, make sure to take note of Chapter 7, which covers dealing with complaints sent to the Ombud for FSPs..

[Audio] This slide focuses on the four levels of complexity which are commonly asked in exams. These four levels are: Knowledge, Comprehension, Application and Analysis. The Knowledge level assesses our capability to recall factual information. Comprehension examines our ability to interpret and comprehend facts and principles. The Application level assesses our capability to employ factual knowledge to real life situations. Finally, the Analysis level looks into our aptitude to assess factual knowledge presented in the form of case studies and to propose the most suitable action to take..

[Audio] Before beginning your exam, it is very important to analyze the question paper. Generally, questions 1 to 18 and 35 to 50 are knowledge and comprehension questions which are shorter in style. If you choose, you can tackle these questions first while your mind is still fresh and then move on to the longer style questions from 19 to 34. However, be sure to mark your answers correctly and manage your time well, as although a longer question may take more time to read and consider, the answer will still be given the same amount of points..

[Audio] When it comes to the exam, being aware of some popular question topics and concepts is important. These include the General Code of Conduct, providing advice and intermediary services, undesirable business practices, debarment, record keeping and fit and proper requirements; being well versed on these topics for the exam is essential..

[Audio] Concluding, self-discipline, preparation and self-confidence are the three cornerstones of success in re5 exams and in becoming a successful representative in financial services. To achieve greatness, we must constantly better ourselves, build our confidence and make sure we are ready for whatever the future might hold. I would like to take this opportunity to sincerely thank you for your time and wish you all the best in your endeavors..