The Financial Adviser Standards and Ethics Authority (FASEA) has bowed to industry lobbying and has named key regional centres for forthcoming financial adviser exams.
The authority has also announced that the results of the inaugural exam, held in June, will be released in mid-August.
The new regional exam arrangements will mean that those sitting the exam in September will be able to do so on the Gold Coast, Cairns, Wollongong, Ballarat and Bunbury.
It said that based on demand, each location will have at least two sitting days with up to two sessions a day providing additional opportunities for advisers to sit the exam. Additional regional locations would be added for the December and February sittings.
FASEA also announced extended registration opening for the September, December and February exams with advisers invited to register for upcoming exams during the following periods:
- September 2019 exam (registrations open from 30 July until 30 August).
- December 2019 exam (registrations open from 30 July until 8 November).
- February 2020 exam (registrations open 2 December 2019).
It said eight metropolitan locations would be available for the September and December sittings (Sydney, Canberra, Brisbane, Melbourne, Adelaide, Darwin, Hobart and Perth) and that, based on demand, each would have up to five sitting days with up to two sessions a day providing approximately 70 opportunities for advisers to sit the exam in metropolitan locations.