For:

• Asset Managers &
  Asset Consultants
• CFA® Charterholders
  & Candidates
• Compliance Managers
• Custody staff
• Financial Advisers
• Investment Bankers
• New Industry entrants
• Operations staff
• Responsible Managers
• Risk Management staff
• Training Managers

RG 146 Training of Financial Product Advisers

The Australian Securities and Investments Commission (ASIC) has set minimum standards for the training of advisers. These standards are detailed in Regulatory Guide 146. The policy applies to all natural persons who provide financial product advice.

Advisers are required to demonstrate competency in the areas in which they give advice. The knowledge competency areas in which Financial Education Professionals currently provides training and assessment are those appropriate to wholesale markets:

• Generic Knowledge

• Specialist Knowledge

1. Securities (FNSASUC503WB Provide advice in securities)
2. Derivatives (FNSASUC503VB Provide advice in derivatives)
3. Managed Investments (FNSASUC503TB Provide advice in managed investments)
4. Superannuation (FNSASUC503UB Provide advice in superannuation)
5. Deposits and non-cash payment facilities (Tier 2)
6. Foreign Exchange (FNSASUC503SB Provide advice in foreign exchange)

These units of competency are drawn from the FNS04 Financial Services Training Package. For further information on the Australian Qualification Framework (AQF), including units of competency, click here.

• Skills (for those providing Personal Advice)

• Other Specialist Knowledge areas

We are also authorised to offer the following retail market competencies:
1. Financial Planning (FNSASUC503ZB Provide advice in financial planning)
2. Life Insurance (FNSASUC503XB Provide advice in life insurance)

Working out the competency areas your advisers will require (Click to see how to work this out)

To demonstrate competency:

1. Newer advisers must complete and be assessed in an appropriate course from the ASIC Register of Compliant Courses; or
2. Experienced advisers (5 years experience within the immediate past 8 years) may complete a competency assessment.

SAMPLE ASSESSMENT QUESTIONS (Click to view sample questions)

DOWNLOAD brochure

Continuing Training: CPE

Your wholesale people are busy financial professionals in a dynamic industry. To comply with your licence conditions they must stay up-to-date with market developments and new legislative requirements. Financial Education Professionals offers wholesale industry practitioners access to powerful courses designed to support them in meeting their continuing professional education (CPE) requirements.

Current subjects are:

• Licensing Compliance under FRSA
• Basel II Framework
• Corporate Governance
• Debt Markets
• Venture Capital & Private Equity
• Exotic Options
• Regulation of Debt Markets
• Equator Principles
• FX for Fund Managers
• Introducing Credit Ratings
• Financial Risk Management
• Operational Risk
• Market Risk
• Liquidity Risk
• Credit Risk

How Continuing Professional Education works

Your wholesale professionals can meet their ASIC continuing training requirements with our CPE training. Each course takes around 4 hours to complete and is assessed as your staff work through the course.

CPE Credits

Each course is worth 4 hours of CPE. This also equates to 4 CPE points. (CPE is also called Continuing Professional Development, Continuing Education or Continuing Training.)

Cost

CPE Subjects

Single subject fee: $195.00 + GST

Risk Series fee: $395.00 + GST

How to book CPE

Click here to download the order form. Print it, complete it and mail, fax or scan and email it to Financial Education Professionals.

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Products & Services:

• Compliance Training
  • RG 146 Training
    • RG 146 Knowledge Assessment for Experienced Advisers
    • RG 146 Knowledge and Skills Assessment for Newer Advisers
    • RG 146 Role of the Licence Holder
  • RG 146 Gap Training Program: CFA®
  • RG 105 Organisational Competency
• Operations Training
  • Custody Training
  • Investment Operations Training
  • Treasury Operations Training
• Financial Services Compliance Managers Training
• Financial Markets Introductory Workshops
• Risk Series
• Margin Lending & Consumer Credit Training
• Tailored Training