First Level Regulatory Exam Support for Representatives (Online)

First Level Regulatory Exam Support for Representatives (Online)

The purpose of this course is to assist students to prepare for the First Level Regulatory Exam for Representatives in a methodical and systematic manner.


The course has been carefully structured into a four-week programme that breaks up the learning of the eight tasks, and associated qualifying criteria, required for the exam into small, manageable portions.

During each week of the programme, students will view video recordings of important concepts relevant to that week’s tasks, cover sections of the study material, and actively engage in their learning and preparation by completing multiple self-assessment quizzes that provide feedback to assist in identifying problems and further development areas for that week. The course focuses on both the content required in terms of each of the tasks and on examination techniques (the approach to answering multiple-choice questions). This online course provides all study material in electronic format; however students have the option to print the study guide for ‘First Level Regulatory Exam for Representatives’ from the INSETA website (, or to register separately and receive a printed and bound copy from Milpark Education.  


On successful completion of this short course, you will able to: 

  • execute the required actions as a representative in terms of the FAIS Act
  • contribute towards maintaining an FSP licence
  • adhere to specific obligations in terms of the relevant Code of Conduct and other subordinate legislation
  • apply knowledge of financial products
  • have an awareness of consequences for representatives who have acted fraudulently or committed any other act that could lead to debarment
  • align execution of duties and actions with the compliance requirements
  • carry out proper record-keeping activities
  • adhere to the requirement of FICA and other relevant anti-money laundering legislation, as it applies to the FSP.


  • This course has no admission requirements.
  • A good level of English reading and writing proficiency is required. 
How to apply

Students need to complete the following process in order to register for this course.

Before applying, be sure that you:

  1. meet the minimum entry requirements as per the course programme brochure.
  2. adhere to the admission closing dates as per the course programme timetable.
  3. have all required documentation available as set out in the course program brochure.

Contact our student service centre at 086 999 0001 where a consultant will gladly assist you by completing your admission application on your behalf.

Upon successful admission, you will receive a confirmation SMS and email, as well as login details to access myMilparkmyMilpark, our online student environment.