The Financial Adviser Standards and Ethics Authority (FASEA) has released its draft 2019 determination of all bachelor degrees, graduate diplomas and bridging courses approved by the authority.
Released for public consultation today, the Relevant Providers Degrees, Qualifications and Courses Standard 2019 Legislative Instrument and Explanatory Statement lists the qualifications approved by FASEA since the 2018 determination was registered.
The draft determination also includes FASEA-approved recognition of prior learning (RPL) for education undertaken to acquire professional designations and amendments to past course and degree details provided to FASEA by higher education providers post-registration of the 2018 determination.
“The draft 2019 determination documents the significant body of course and other accreditations approved by FASEA throughout 2019 and provides recognition of study undertaken by advisers,” FASEA chief executive Stephen Glenfield said.
“FASEA welcomes stakeholder feedback as we continue to update FASEA’s approved list for the education standard, and all feedback will be carefully reviewed prior to making of the legislative instrument and release of the explanatory statement.”
The standards body stated the deadline for feedback and submissions on the 2019 determination was 9 December.
“Following the consideration of all feedback, the 2019 determination will be registered and will repeal and remake the Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2018,” it added.
In August, FASEA awarded RPL credits for advisers who completed the certified financial planner (CFP) program coursework prior to 2004 and confirmed it had approved an application from the Financial Planning Association to recognise the coursework required to attain the ‘historical’ CFP designation.
In June, it approved a range of graduate diploma and bridging courses required by financial advisers to meet new mandatory education requirements, including 13 current graduate diploma courses, eight historical graduate diploma courses and 11 bridging courses.