FASEA 3-month rule consultation released
The Financial Adviser Standards and Ethics Authority (FASEA) has opened consultation regarding the three-month registration requirement for the November exam.
Consultation for the Corporations (Relevant Providers Exam Standard) Determination 2019 Amendment would close on 28 July, 2021, which FASEA last week announced it would pursue.
The relief would allow all candidates who had been unsuccessful at any prior sitting to sit the November exam.
Stephen Glenfield, FASEA chief executive, said: “This amendment aims to provide existing advisers with an additional opportunity to meet the transition requirements of the Corporations Act. FASEA welcomes stakeholder feedback on this proposed amendment”.
Those who sat the September exam would be given their result before registration for the November exam closed.
Advisers who had been unsuccessful with the exam twice would have the chance until September 2022 to sit the exam.
AUTHOR
Chris Dastoor
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
