Responsible Manager Nomination Option 3

Responsible Manager RG 105

Are you being nominated as a Responsible Manager under your AFSL? Do you have a relevant university degree and three years relevant experience?

Under Option 3, ASIC will accept a responsible manager with a university degree that is only broadly relevant to their role if they have also completed a short industry course covering the specific knowledge not covered by their degree. Your responsible manager must also have three years relevant experience over the past five years. RG105.66

To rely on Option 3, your responsible manager’s short industry course must be specifically relevant to the industry or product their role relates to (RG 105.69).

Option 3 Relevant short industry courses

ASIC accepts short industry courses listed on the ASIC Training Register for RG146 purposes.

Explore securities products and markets characteristics, including shares, bank bills, commercial paper, bonds, structured products and crowdfunding.

RG146 Securities can be studied as a short industry course under Responsible Manager Nomination Option 3, if this learning is specifically relevant to the sector or products the responsible manager’s role relates to (RG 105.69).

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Understand derivative products and markets characteristics, including futures, options, forwards and swaps, how they are used and how they are traded.

RG146 Derivatives can be studied as a short industry course under Responsible Manager Nomination Option 3, if this learning is specifically relevant to the sector or products the responsible manager’s role relates to (RG 105.69).

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Understand FX products including cross-rates, forwards, options, swaps, NDFs and market conventions.

RG146 Foreign Exchange can be studied as a short industry course under Responsible Manager Nomination Option 3, if this learning is specifically relevant to the sector or products the responsible manager’s role relates to (RG 105.69).

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Explore equity trusts, fixed interest trusts, serviced strata schemes, primary production schemes, film schemes, property trusts and real estate investment strategies.

RG146 Managed Investments can be studied as a short industry course under Responsible Manager Nomination Option 3, if this learning is specifically relevant to the sector or products the responsible manager’s role relates to (RG 105.69).

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Our Tier 1 Superannuation covers Australia’s superannuation system, regulation & policy, member contributions, insurance, and transition to retirement products. Our course includes the coverage of Superannuation reporting obligations to APRA, providing an overview of quarterly reporting, annual reporting, matters covered by reporting standards, and links to the reporting standards themselves.

RG146 Superannuation can be studied as a short industry course under Responsible Manager Nomination Option 3, if this learning is specifically relevant to the sector or products the responsible manager’s role relates to (RG 105.69).

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Covers term life, trauma or critical illness, TPD and income protection policies.

RG146 Life Insurance can be studied as a short industry course under Responsible Manager Nomination Option 3, if this learning is specifically relevant to the sector or products the responsible manager’s role relates to (RG 105.69).

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Our course includes specialist industry knowledge and incorporates coverage of personal sickness and accident insurance.

Tier 1 RG 146 General Insurance can be studied as a short industry course under Responsible Manager Nomination Option 3, if this learning is specifically relevant to the sector or products the responsible manager’s role relates to (RG 105.69).

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Learn about how insurance works, the key players in the market, the features and characteristics of insurance products, and the legal environment it operates in. (excluding personal-sickness and accident.)

Tier 2 RG 146 General Insurance can be studied as a short industry course under Responsible Manager Nomination Option 3, if this learning is specifically relevant to the sector or products the responsible manager’s role relates to (RG 105.69).

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Our online course discusses the purpose and features of transaction accounts, term deposits, and cash management accounts. It also uses worked examples to demonstrate common approaches to calculating interest.

Tier 2 RG146 Deposit Products and Non-Cash Payment Products can be studied as a short industry course under Responsible Manager Nomination Option 3, if this learning is specifically relevant to the sector or products the responsible manager’s role relates to (RG 105.69).

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Are you taking on the role of a Responsible Manager for an AFS licensee and need to prove that your knowledge of Australian regulations is up to date?

Regulation of Australian Financial Services has been specifically designed for those who are being nominated to take on the role of a Responsible Manager for an Australian Financial Services licensee and who:

  • Need a refresher on Australian financial services regulation, having returned to Australia from working overseas in recent years
  • Have been deemed not to have sufficient prior knowledge of the regulation of financial services in Australia
  • Have been instructed by a legal adviser, compliance consultant, or ASIC to undertake a course that contains the knowledge this subject includes.

It comprises the supervised, closed book examination and appendix of content covered that ASIC requires for responsible manager nomination purposes. Includes the content outline for ASIC to witness along with other supporting documents in your licence application.

» Learn more

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