Four FASEA exams sittings in 2022

FASEA/exam/ASIC/

29 November 2021
| By Oksana Patron |
image
image image
expand image

There will be most likely four financial adviser exam sittings next year, Australian Securities and Investments Commission (ASIC) commissioner, Danielle Press, said during a Parliamentary hearing last week.

Senator Bert van Manen, asked the corporate regulator on its expanded responsibilities it would take on from 1 January, 2022, following the transition of the Financial Adviser Standards and Ethics Authority (FASEA) exam to ASIC and the entity to Treasury.

With regards to ensuring a smooth transition, Press said there was a lot of work being done and ASIC was working closely with the Treasury.

“I think it is really important to recognise that we will not be responsible for the code of ethics as that will be the responsibility of Treasury,” Press said.

With respect to the exam, the commissioner assured that ASIC was working with the Australian Council for Educational Research (ACER) for a new contract.

“Once the contract is signed, which is likely to be in the next week or the week after, we will be putting it out to the industry firstly how many exams there will be,” she said.

“We are looking at probably four exam sittings in 2022 and for those people who qualify for the extension through 30 September to pass the exam [there] will be three opportunities to do so before September 2022.”

 

 

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 23 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5