The Financial Adviser Standards and Ethics Authority (FASEA) has allowed some concessions with respect to the financial adviser exam.
Releasing the legislative instrument and explanatory statement for its Examination standard, the authority revealed that it had reduced the reading time for the exam to 15 minutes within a total 3.5 hours sitting period.
It said it had also clarified that exam content under the topic of Financial Adviser Regulatory and Legal Requirements would cover the Tax Agents Services Act only and not the broader requirements of the Tax Practitioners Board.
It said that it had also noted that it would consider the addition of further exam centres in 2020 for relevant providers sitting the exam in regional areas depending on adviser interest and availability of facilities.
