The Regulation and Ethics of the S.A. Financial Markets
The Practice Exam for The Regulation and Ethics of the SA Financial Markets module is intended to enhance learning and provide learners a formative assessment tool whereby their progress can be gauged reliably and at the same time provide a learning aid to improve their knowledge and understanding of the learning material. It is NOT intended to coach learners who do not have adequate knowledge and understanding of the learning material through the summative assessment (real exam). SAIFM disapproves of such practices especially in the case of a licensing exam such as the RPE.
The practice exam will replicate the real exam (summative assessment) in format, style, marking facility and review function. To prove our point, we have included a small percentage of real questions and they are truly indistinguishable from the practice ones. But you can judge for yourself!
The feature we believe will add the most value is the feedback from the learning material that will be displayed in the review function for questions answered incorrectly. Learners will thus understand where they went wrong. Also, learners who are unnerved by the computer-based format of the RPE exams will also be considerably calmer when attempting the summative assessment (real exam) since they are now used to the format.