FAIS and RE support
 

The FAIS Act was designed to protect consumers of financial products and services. It applies to any provider of financial services and its representatives, as well as to any person who gives financial advice or who provides an intermediary service. This Act calls for all financial advisors and intermediaries (brokers) to have specific requirements.

Level 1 examination - deals with the laws that financial advisors and intermediaries (brokers) should know when giving advice and offer financial services to consumers. The purpose, therefore, is to ensure that financial advisors and representatives understand and apply their regulatory role and responsibilities when selling financial products and ser-vices to consumers.