On 8 July 2021, FASEA announced that all financial advisers who have yet to pass the Financial Advisers Exam will have the option to sit the November exam irrespective of the timing of their last sitting.
This will give financial advisers two opportunities to sit before the current transition period ends on 31 December 2021 (i.e. July and November sittings or September and November sittings).
The Corporations (Relevant Providers Exam Standard) Determination 2019 will be amended to provide relief from the 3 month registration requirement. FASEA will consult with stakeholders on the proposed amendment to this legislative instrument commencing 14 July 2021.
FASEA Standards Authority, Media Release, 8 July 2021