Understanding Custody

Financial services in Australia comprises a variety of participants, products and markets; and no shortage of applicable laws, regulations and ongoing obligations.

Our Understanding Custody Course has been designed to address the education and training needs of those working in or operating a custodial service.

Traditionally, custody was the holding and safeguarding of financial assets for third parties.

As financial markets have become more sophisticated and digitised, custody has developed to become no longer characterised by physical safekeeping (of financial assets) but by a range of information and banking services.

Program Content

Learning Outcomes

  • Define what custody is in the financial services industry
  • Identify custodians and the customers they service
  • Explain the activities custodians typically carry out
  • Describe the various types of investment fund structures
  • Evaluate the role of custodians in investment transactions
  • Discuss risk factors and regulatory requirements that apply to custodial services.

What you will learn

Who is this course for?

  • New entrants or those working in or supporting custodial services
  • Participants working in funds management who wants to understand the role that custody plays in Australia.

Units of Competency


Recognition of Prior Learning


On successful completion, you will be awarded a Certificate of Attainment confirming that you have successfully completed the course, Understanding Custody.

Download the course brochure

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Frequently Asked Questions

What others say about us

Parallels real workplace experience.

We have been using FEP for a number of years now. The course materials are highly professional and parallels real workplace experience. Staff greatly value participating in meaningful external training and are the greatest advocates.

Efficient, informative and accessible.

The content is well set out, clear and precise. My organisation does the course every year and we are continuing to learn new and interesting things with each new offering. The content is up to date with the industry and completely relevant to my role. I had all the support and learning resources available to get it done…

Extremely relevant and meaningful.

Our firm exclusively uses the services of Financial Education Professionals for all of our ongoing RG146, compliance and responsible manager training for our team. We find course materials extremely relevant and meaningful and this allows our team to have up to date, practical knowledge.

Peter McGuire, CEO, XM