The RE5 is not a Unisa qualification and there is no Unisa certificate to apply for. It is the Regulatory Examination for Representatives in all Categories of FSPs, set under the Financial Sector Conduct Authority (FSCA) framework. You register for it through the Moonstone examination body, not through a university.
There are four regulatory examinations (RE1, RE3, RE4 and RE5), and the RE5 is the one for representatives. Passing it is what counts: completing a course of any kind, at Unisa or elsewhere, does not replace the examination.
Entry Requirements at a Glance
To sit the RE5 you need to be able to register with the examination body. The FSCA lists these details for registration:
- Your South African ID number (a passport number only if you do not have a South African ID)
- Your FSP number
- Your personal and contact details
- Your professional details
There is no university application, no Unisa admission and no matric subject requirement for the examination itself.
Academic and Minimum Admission Requirements
The RE5 is an assessment of knowledge, not an academic programme, so no APS or minimum school results apply to it. Questions are multiple choice with four possible answers each, and you do not need to memorise legislation word for word.
A recognised qualification and experience are separate fit-and-proper requirements for financial services representatives. They are not part of registering for the RE5, so ask your FSP or the FSCA what applies to your product categories.
Subjects, APS and Qualification Requirements
No subjects, APS score or Unisa qualification are needed to register for the examination. If a provider tells you a Unisa certificate is required for the RE5, check that claim with the FSCA before you pay for anything.
Preparation is your choice, whether self-study or a course from a provider. The FSCA does not name a Unisa preparation course, so confirm what any course actually covers before you enrol.
Documents and Application Requirements
Registration is done through the Moonstone examination body, online or by phone on 021 888 9796 (weekdays, 08:00 to 16:30). Have these ready:
- ID number, or passport number only if you have no South African ID
- Your FSP number
- Personal and contact details
- Professional details
You do not need a certified ID copy, a National Senior Certificate or a SAQA evaluation to register for the RE5. The examination fee is a legislated fee published by the FSCA; confirm the current amount through the FSCA or Moonstone when you register. The FSCA examinations page is here: FSCA regulatory examinations FAQ.
Selection, Intake and Eligibility Considerations
There is no intake or selection. You book an examination sitting through Moonstone. The pass mark is 65%: the examination has 50 questions and you need at least 33 correct (32 correct is 64% and fails).
The FSCA does not state on its FAQ page how long after appointment a representative has to pass the RE5, so ask your FSP or the FSCA for the deadline that applies to you.
Frequently Asked Questions
Is the RE5 a Unisa qualification?
No. It is an FSCA regulatory examination for representatives, registered for through the Moonstone examination body. Unisa does not issue it.
What is the pass mark for the RE5?
You need at least 33 correct answers out of 50, which is 65%. Each question has four options.
What do I need to register for the RE5?
Your ID number (or passport number if you have no SA ID), your FSP number, and your personal, contact and professional details.
Does completing a course satisfy the requirement?
No. Only passing the regulatory examination does.
How much does the RE5 cost and when must I pass it?
The fee is legislated and published by the FSCA, and the FSCA FAQ does not give a pass-by deadline. Confirm both with the FSCA or Moonstone.
Confirm the current examination requirements, registration process and fee with the Financial Sector Conduct Authority. This page is general information and not financial or legal advice. See admission requirements and browse all education requirements.