By David Jacobson The Financial Adviser Standards and Ethics Authority has published proposed guidance on the qualifications that existing financial advisers and new entrants will need to meet to comply with section 921C of the Corporations Act.
The Standards Authority proposes that the requirement for existing advisers to meet their education and training standards obligation as a relevant provider, is that they:
1) have already satisfied the Education Standard requirement if they hold an approved qualification (i.e. one that is on the FASEA/FPEC approved register), or
2) have completed, by 1 January 2024, an AQF7 qualification (ie a university degree) that is an approved qualification (i.e. …read more
Source:: Bright Law