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.
AUTHOR
Chris Dastoor
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
