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Fit and proper

Fit and proper readiness by role, responsibility, and evidence.

Fit and proper is broader than an exam. The evidence route separates the FAIS obligation by who carries accountability: key individuals, representatives, supervision structures, directors, and key persons.

Key individuals

Key Individual readiness

Evidence that the KI understands the licence, categories, representatives, operational ability, controls, complaints, reporting, and escalation duties.

  • RE1, RE3, or RE4 readiness route
  • Operational oversight file
  • KI evidence and interview pack

Representatives

Representative competence

Evidence that representatives meet honesty, integrity, competence, supervision, disclosure, advice-file, and customer-outcome expectations.

  • RE5 readiness route
  • Competence register
  • Advice and intermediary evidence checks

Supervision

Supervision framework

A practical supervision system for representatives under supervision, new appointees, escalation triggers, monitoring reviews, and documented sign-offs.

  • Supervision plan
  • Activity and file review log
  • Competence-release evidence

Directors

Director conduct oversight

Board and director packs that translate licence conditions, COFI direction, conduct risk, complaints, outsourcing, and reporting into oversight evidence.

  • Director briefing pack
  • Board conduct dashboard
  • Attestation and decision records

Key persons

Key person evidence

Role files for people who materially influence regulated activity: control owners, compliance champions, complaint owners, AML owners, and delegated managers.

  • Responsibility map
  • Authority and delegation file
  • Training and escalation evidence

RE preparation

Regulatory exam preparation inside fit and proper.

RE1, RE3, RE4, and RE5 preparation is positioned as evidence of competence, not as a separate disconnected exam product.

Preparation and mock exams

Candidates receive a diagnostic, study roadmap, legislation reading map, plain-language notes, revision support, and 50-question multiple-choice mock sets.

R1,950 Fit and proper readiness sprint
R395 Single 50-question mock set
R1,250 RE mock exam bundle
Quote Corporate cohort training

Material update trigger

The monitoring process checks FSCA preparation guides, FAIS Information Circulars, preparation-material pages, and Moonstone regulatory examination updates. If a published change affects qualifying criteria, role evidence, or exam material, clients and candidates are prompted.

  • FSCA legislation and exam-bank impact communication
  • FSCA RE preparation guides and preparation material pages
  • Moonstone RE and legislative-impact commentary
  • Candidate alert, role-file update, and revision briefing

RE1 mock exam bank

FSPs and Key Individuals in all categories

Three 50-question multiple-choice practice sets mapped to RE1 outcomes: FAIS governance, fit and proper, representative oversight, compliance functions, disclosures, complaints, Ombud routes, and enforcement risk.

Set A: Baseline diagnostic Set B: Timed practice Set C: Legislation stress test
Sample question preview

Which control best demonstrates that a key individual is maintaining operational oversight of representatives?

  1. A marketing brochure approval file only
  2. A live supervision, competence, complaints, and escalation register
  3. An annual website review without representative evidence
  4. A once-off appointment letter with no monitoring record

Mock exams are practice material, not official FSCA questions. Candidates must still study the FSCA preparation guides and source legislation.