Daniel Butler and Christian Pakpahan provide a summary of the new continuing professional development obligations for licensed advisers outlined by the Financial Adviser Standards and Ethics Authority. The Financial Adviser Standards and Ethics Authority (FASEA) has finalised a continuing professional development (CPD) standard legislative instrument, the Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018. […]

The open-book nature of the FASEA adviser exam will not make it easier for advisers, who have been warned they have limited time to pass the mandatory exercise.

Advisers will not be required to complete a year’s worth of CPD by the end of June, but still must have a plan in place by the end of this month.

FASEA has updated the legislative instrument related to older education programs, including the FPA’s CFP designation.