Just over two thirds of the candidates sitting the February 2023 financial advisers exam passed, according to ASIC.
A statement from the regulator outlines that:
- 192 candidates sat the February exam
- 128 (67%) of candidates passed the February exam
- 60% of the February candidates were sitting the exam for the first time
This is an improvement on the pass rate from the November 2022 exam when, of the 282 candidates who sat that exam, 161 (57%) passed (see: November Adviser Exam Results).
Following the latest results, ASIC says that to date 20,425 individual candidates have sat the exam and more than 18,890 (93%) of candidates who have sat the exam have passed.
Of those who have passed:
- Over 15,850 are recorded as current financial advisers on ASIC’s Financial Adviser Register, representing 99% of current advisers on the FAR
- Over 2,840 are ceased advisers on the FAR and may be re-authorised in the future
- Over 890 passed while completing their professional year of work and training
Next Exam Sitting
ASIC also notes that the next exam sitting will be held on 11 May 2023, and enrolments for that sitting will open on Monday 3 April and close on Friday 21 April.
Click here for the dates of all 2023 exam sittings. All exams are delivered by remote proctoring.
