RE Exams

Responsible Executive (RE) Exams

The Stockbrokers And Financial Advisers Association of Australia offer Responsible Executive (RE) Examinations.

While the ASX requirements may have changed, the Stockbrokers And Financial Advisers Association believe it is very important to continue to offer this training and the relevant examinations. Notwithstanding the relaxation of rules by the ASX, the Association believe that all REs and Senior Executives should have – and maintain – a working knowledge of the key clearing and settlement requirements. Therefore the Stockbrokers And Financial Advisers Association will continue to offer the 3 x RE Exams:

  1. ASIC ASX Markets, Clearing and Settlement Examination (45 questions);
  2. ASIC ASX Markets Examination (41 questions); and
  3. ASX Clearing and Settlement Examination (41 questions).

The Stockbrokers And Financial Advisers Association also conduct training workshops for those wanting additional preparation prior to sitting their RE Examinations. More information on these go to RE Preparatory Workshops.

What is The Markets, Clearing & Settlement RE Exam

The Markets, Clearing & Settlement RE Exam is a combination of the ASIC Market Integrity Rules (ASX Markets) 2010 and the ASX Clear Operating Rules (Clearing & Settlement) Responsible Executive Examination.

The exam is made up of 45 questions with a 65% passmark (ie: 30 out of 45). An exam supervisor is required and candidates have 12 weeks from enrolment in which to complete the exam. The exam is one-hour long with an additional 15-minutes of reading time.

ASIC ASX Markets, Clearing and Settlement

Non-Member: $600.00
Organisation Member: $600.00
Practitioner Member: $600.00

Enrol

ASIC ASX Markets, Clearing and Settlement Resit

Non-Member: $250.00
Organisation Member: $250.00
Practitioner Member: $250.00

Enrol

What is The Markets RE Exam

The Markets RE Exam is the ASIC Market Integrity Rules (ASX Markets) 2010 Responsible Executive Examination.

The exam is made up of 41 questions (10 sections: 4 questions from each section plus 1 question on unprofessional conduct) with a 65% passmark (ie: 27 out of 41).  An exam supervisor is required and candidates have 12 weeks from enrolment in which to complete the exam. The exam is one-hour long with an additional 15-minutes reading time.

ASIC ASX Markets

Non-Member: $350.00
Organisation Member: $350.00
Practitioner Member: $350.00

Enrol

ASIC ASX Markets Resit

Non-Member: $250.00
Organisation Member: $250.00
Practitioner Member: $250.00

Enrol

What is The Clearing & Settlement Exam

The Clearing & Settlement RE Exam is the ASX Clear Operating Rules (Clearing & Settlement) Responsible Executive Examination.

The exam is made of up 41 questions (8 sections: 5 questions from each section plus 1 question o unprofessional conduct) with a 65% passmark (ie: 27 out of 41). An exam supervisor is required and candidates have 12 weeks from enrolment in which to complete the exam. The exam is one-hour long with an additional 15-minutes reading time.

ASIC ASX Clearing and Settlement

Non-Member: $350.00
Organisation Member: $350.00
Practitioner Member: $350.00

Enrol

ASIC ASX Clearing and Settlement Resit

Non-Member: $250.00
Organisation Member: $250.00
Practitioner Member: $250.00

Enrol

Useful downloads

Enrolment form (to be completed and returned by candidates who are not enrolling online via this website)

Supervisor Guidelines

SAFAA/WSU RTO Exam Booking Form (to be completed and returned by candidate at least 2 days prior to them sitting their online exam)

Summary of Assessment

Online Terms and Conditions