ASIC says it has begun a further review of the Financial Advisers Register to check whether relevant providers have met the qualifications standard.<\/p>\n
The regulator says that the targeted review “…will examine a sample of qualifications and training courses that Australian financial services licensees have recorded on the register as contributing toward their relevant providers meeting the standard.”<\/p>\n
It says this \u201c\u2026follows an earlier ASIC review of relevant providers whose FAR records did not list any qualifications or courses as going toward meeting the qualifications standard.\u201d<\/p>\n
ASIC is also continuing to monitor notifications about relevant providers relying on the experienced provider pathway to meet the standard…<\/p><\/blockquote>\n
The commission notes it is also continuing to monitor notifications about relevant providers relying on the experienced provider pathway to meet the standard.<\/p>\n
As background, ASIC says that since January 1, 2026, all relevant providers who provide personal advice to retail clients on relevant financial products must meet the qualifications standard.<\/p>\n
\u201cRelevant providers who missed their applicable deadline cannot remain authorised to provide this advice.<\/p>\n
\u201cASIC reminds AFS licensees and relevant providers to check that FAR records accurately show how each adviser meets the qualifications standard.<\/p>\n
\u201cIt is a serious offence to knowingly give ASIC false or misleading information, or to fail to take reasonable steps to ensure information provided is true and correct,” the commission states.<\/p>\n","protected":false},"excerpt":{"rendered":"
ASIC says it has begun a further review of the Financial Advisers Register to check whether relevant providers have met the qualifications standard. The regulator says that the targeted review “…will examine a sample of qualifications and training courses that Australian financial services licensees have recorded on the register as contributing toward their relevant providers […]<\/p>\n","protected":false},"author":24,"featured_media":84559,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,6994,7734],"tags":[],"class_list":["post-84556","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-education","category-featured"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/84556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=84556"}],"version-history":[{"count":5,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/84556\/revisions"}],"predecessor-version":[{"id":84562,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/84556\/revisions\/84562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/84559"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=84556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=84556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=84556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}