FSC begins consultation on FASEA standards blueprint
The Financial Services Council (FSC) said it has begun consulting with its members on the Financial Adviser Standards and Ethics Authority (FASEA) Standards Blueprint and the two draft legislative instruments.
FSC CEO Sally Loane said the draft instruments – the Work and Training (Professional Year) and the Provisional Financial Adviser Term – were the first to be released following submissions to FASEA on the standards during 2018.
“FASEA’s release will provide FSC members with further guidance on what they and their advisers and authorised representatives will be required to meet from 1 January 2019 onwards,” Loane said in a statement.
The FSC said it will make submissions on the released draft legislative instruments by 30 November 2018 and the remaining legislative instruments as they are announced.
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