For:

• Asset Managers & Investment Bankers
• Financial Advisers
• Responsible Managers
• Compliance Managers
• Operations staff
• New Industry entrants
• 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)

• 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. Click here to see how this works.

SAMPLE ASSESSMENT QUESTIONS (Click to view sample questions)

Continuing Training: CPE Online

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 courses are:

• ASIC Licensing Compliance
• Basel II Framework
• Corporate Governance
• Exotic Options
• FX for Fund Managers
• Hedge Funds
• Hybrid Securities
• Operational Risk
• Securitisation
• Venture Capital & Private Equity
• Operational Risk
• Financial Risk Management
• Equator Principles
• Market Risk
• Debt Markets
• Regulation of Debt Markets

How Continuing Professional Education works

Your wholesale professionals can meet their ASIC continuing training requirements with our CPE Online 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 Online Courses

Annual subscription: $395.00 + GST per person per annum which provides access to all courses for 12 months.

One course only: $195.00 + GST per person which provides access for 2 months to complete the course.

How to book CPE Online

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

Products & Services:

• 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 105 Organisational Competency
• Investment Operations Training
• Treasury Operations Training
• Custody Training
• Introduction to Financial Markets
• Self-study Introductory Courses
• Tailored Training