The Financial Adviser Standards and Ethics Authority (FASEA) has confirmed the 2020 financial adviser exam will be held in three separate sittings before the end of the year.
Following the cancellation of face-to-face sittings of its April exam due to the impact of the COVID-19 pandemic, the authority said the adviser exam would be held over five days in each of August, October and November.
“The exam is scheduled to be offered across 327 separate sessions in those months. Advisers will have a choice of a remote online or face-to-face exam option, subject to meeting COVID-19 requirements,” FASEA said.
“Each exam will be offered over multiple days with sittings proposed in both metropolitan and regional venues. In-person sittings will only occur if COVID-19 requirements allow. Advisers who do not wish to attend a physical venue can sit the exam remotely online at any time across those sitting days.”
It noted it would consider extending the number of days of each remaining sitting of the 2020 adviser exam if demand was high.
Over 2200 advisers have registered for the August exam ahead of the 24 July registration deadline.
Last week, a bill that would extend the time frame in which financial advisers could complete the FASEA exam was finally passed after it cycled between the upper and lower houses due to a late amendment.
More than 1800 financial advisers passed the last round of FASEA exams held in February, increasing the total number of advisers who have passed the exam to date to close to 6500.
