How to prepare

Multiple choice examinations cover a lot of detail and facts; therefore, it is essential to start preparing for the regulatory exam at least three months prior to the examination date. 

Studying instructions     

You will need:

  • A positive attitude
  • Will power
  • Enough rest
  • A quiet place to study
  • Qualifying criteria
  • Recourse material


Steps to follow:

1. Identify the regulatory examination(s) that applies to your situation.

2. Find the corresponding sets of qualifying criteria for each of the relevant regulatory examinations for which you must prepare.

3. Work through the qualifying criteria and make sure you understand them against the relevant acts and legislation.

4. Use of additional study material is advisable, but optional.

5. Repeat Step 3 as many times as necessary to store the knowledge.

Format of regulatory exams

The regulatory examinations are presented in a multiple choice question format, and are based on specified qualifying criteria. 

Important information pertaining to the examination:
  • Exams are closed book.
  • No additional material will be allowed in the examination room.
  • There is only one right answer to each question.
  • There is no negative marking.
  • There is no limit to the number of attempts made in order to achieve competence.
  • There is only one national version of any regulatory examination for any category or subcategory.
  • You can choose to write exams electronically or on paper. 

The regulatory examinations aim on testing the application of factual knowledge in relation to:

  • The relevant legal provision as contained in the legislation, subordinate legislation and codes of conduct (Level 1).
  • The rendering of financial services applicable to specific categories and subcategories of clients (Level 2).