FASEA 3-month rule amendment registered
The Financial Adviser Standard and Ethics Authority (FASEA) has registered the amendment instrument that scraps the three-month registration requirement for the November 2021 exam.
The three-month registration requirement meant exam sitters would normally not be able to sit consecutive exams.
Advisers yet to pass the exam irrespective of the date of their last sitting or how many sittings would now be able to register.
The Corporations (Relevant Providers Exams Standard) (Amendment No. 1) Determination 2021, which was now registered on the Federal Register of Legislation, was informed through eight formal submissions during FASEA’s consultation process in July 2021.
The November exam would be offered from 11 to 16 November, 2021, and was now open to register.
FASEA previously said that advisers taking the September exam would be able to receive their result before registration for the November exam closed.
Registration for the September exam would close on 20 August, 2021.
Recommended for you
With Fortnum Private Wealth and Professional Financial Services now unified under the Entireti umbrella company, CEO Neil Younger has detailed to Money Management the firm’s new direction and future expansion.
The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?
There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.
An NSW individual has pleaded guilty to one criminal charge of providing unlicensed financial services after promoting crypto investments at national seminars.