Recently I discussed a scenario with a group of Advisers who said they are not going to do the FASEA exam and only deal with wholesale clients in the future. Now, given they will be removed from the FAR on 1.1.21 (or a year later if the date is extended), I don't understand how this is possible when they are no longer licensed by ASIC as a Relevant Provider AFTER the final date for completion of the exam. If you have a view on this let me know as this seems quite strange to me.
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