“After receiving several complaints from stakeholders regarding the inaccuracy of the RE (FAIS) materials (sic), a decision has been made to withdraw the materials from the Inseta website.”
Students are advised to download and use the FSCA Preparation Guide. Unfortunately, the one linked on their website is still the 31 May version, which has been updated several times since.
Please click here to download the latest Preparation Guide (v11), which also includes the most recent updates to the qualifying criteria.
The importance of the Preparation Guide:
The Preparation Guide outlines exactly what the examination will be testing and where to find the information.
Studying the Preparation Guide is in fact the very first step a candidate should take to ensure that he or she knows what they have to know, and where to find the required information. This is the best approach to follow when planning and preparing for the Regulatory Examination as it is highly effective and does result in a better result outcome.
The qualifying criteria provide the basis of knowledge and skills against which the regulatory examinations are set. Only questions based on these criteria will be included in the exams.
To access the latest legislation and applicable Board Notices, please visit the FSCA website.
Click on Regulatory Frameworks
Click on Legislation
Click on applicable Act or Board Notice e.g. Financial Advisory and Intermediaries Services Act (FAIS Act) (Act 37 of 2002).
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An approach used in capital budgeting where the present value of cash inflow is subtracted from the present value of cash outflows. NPV compares the value of a rand today versus the value of that same rand in the future after taking inflation and return into account. If the NPV of a prospective project is positive then it should be accepted, but if it is negative then the project probably should be rejected because cash flows are negative.