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. Markets, Clearing and Settlement Examination (45 questions);
  2. Markets Examination (41 questions); and
  3. Clearing & 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. For more information please email education@stockbrokers.org.au. 

What is the RE Markets, Clearing and Settlement Exam

The RE Markets, Clearing and Settlement 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.

Responsible Executive Markets Clearing and Settlement Exam

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

Responsible Executive Markets Clearing and Settlement Online Exam Remote Supervision

Non-Member: $75.00
Organisation Member: $75.00
Practitioner Member: $75.00

Responsible Executive Markets Clearing and Settlement Online Exam Resit

Non-Member: $100.00
Organisation Member: $100.00
Practitioner Member: $100.00

What is the RE Markets Exam

The RE Markets 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.

Responsible Executive Markets Exam

Non-Member: $125.00
Organisation Member: $125.00
Practitioner Member: $125.00

Responsible Executive Markets Online Exam Remote Supervision

Non-Member: $75.00
Organisation Member: $75.00
Practitioner Member: $75.00

Responsible Executive Markets Online Exam Resit

Non-Member: $100.00
Organisation Member: $100.00
Practitioner Member: $100.00

What is the RE Clearing and Settlement Exam

The RE Clearing and Settlement 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.

Responsible Executive Clearing and Settlement Exam

Non-Member: $125.00
Organisation Member: $125.00
Practitioner Member: $125.00

Responsible Executive Clearing and Settlement Exam Online Exam Remote Supervision

Non-Member: $75.00
Organisation Member: $75.00
Practitioner Member: $75.00

Responsible Executive Clearing and Settlement Online Exam Resit

Non-Member: $100.00
Organisation Member: $100.00
Practitioner Member: $100.00

Please ensure that the course you intend to enrol in is one you are required to undertake and are committed to completing, as fees are non-refundable. Substitutes are welcome within the enrolment period

Useful downloads

Please go to each course page to enrol directly online.

PDF Enrolment form

Supervisor Guidelines

SAFAA Exam Booking Form (to be completed and returned by candidate at least 3 days prior to them sitting their online exam)

Syllabus

RE Practice Exam – Markets, Clearing & Settlement

Enrolments close at 3.00pm every Monday Sydney time.