Description

FAIS Fit and Proper Checklist Free PDF Download

The FAIS Fit and Proper Checklist is a free downloadable PDF resource designed to help FSPs, representatives, key individuals, compliance officers and RE5 learners understand and assess the main fit and proper requirements under the FAIS Act and Board Notice 194 of 2017.

This FAIS Fit and Proper Checklist is practical, easy to follow and structured as a compliance self-assessment tool. It can be used when appointing representatives, reviewing key individual readiness, preparing for RE5 or RE1 examinations, checking CPD compliance, or preparing for an internal compliance review.

For related compliance templates, you may also view our Representative Appointment Compliance Pack, CPD Policy Template for FSPs and FAIS Representative Onboarding SOP Template.

For official regulatory resources, you can also visit the FSCA FAIS Fit and Proper resources page.

What Is Included In This FAIS Fit and Proper Checklist

This free FAIS Fit and Proper Checklist covers the main fit and proper areas that apply to different FAIS role players, including representatives, key individuals, FSPs and compliance officers.

The checklist covers:

• Honesty, integrity and good standing requirements
• Criminal and regulatory history checks
• Financial standing considerations
• Verification obligations for FSPs
• Regulatory examination requirements, including RE5 and RE1
• Approved qualification requirements
• Class of Business training requirements
• Product-Specific Training requirements
• Experience requirements by product category
• Operational ability requirements
• Financial soundness requirements
• Continuous Professional Development requirements
• Supervision requirements
• Representative register and notification obligations
• Quick-reference numbers, dates and thresholds for RE5 preparation

Why Download This FAIS Fit and Proper Checklist?

Fit and proper compliance is not a once-off licensing requirement. FSPs must ensure that representatives and key individuals remain competent, honest, properly trained, correctly supervised and appropriately recorded.

This FAIS Fit and Proper Checklist helps users identify gaps before they become compliance problems. It is useful for appointment checks, internal file reviews, training discussions and exam preparation.

This free checklist can help you:

• Check whether a representative meets key fit and proper requirements
• Understand the difference between RE5 and RE1 requirements
• Track CPD requirements and CPD cycle dates
• Confirm when supervision may be required
• Review representative register obligations
• Prepare for compliance monitoring or FSCA queries
• Support RE5 and RE1 study sessions with practical examples

Who Should Use This Free FAIS Fit and Proper Checklist?

• Authorised Financial Services Providers
• Representatives preparing for RE5
• Key Individuals preparing for RE1
• Compliance officers and compliance administrators
• FSPs appointing new representatives
• Representatives working under supervision
• Training providers and facilitators supporting FAIS learning

Free Resource For Compliance And RE Exam Preparation

This FAIS Fit and Proper Checklist includes status columns that allow users to mark requirements as met, not met, in progress or not applicable. It also includes section scoring and an overall compliance score to help users identify where attention is needed.

The checklist also includes exam tips and quick-reference information, making it useful for both workplace compliance and RE5 or RE1 exam preparation.

Important Note

This free FAIS Fit and Proper Checklist is provided for educational and compliance support purposes. It does not replace legal advice, a full fit and proper assessment, a compliance officer review, or confirmation of the latest FSCA requirements applicable to your FSP, representative or key individual.