Individuals have a total of: 12 weeks to complete the learning and assessment requirements for the Tier 1 Financial Planning – General Advice subject, from their initial activate date.
What is a RG146 qualification?
RG146 stands for Regulatory Guide 146, and is a mandatory licensing regulation required for anyone who sells financial product advice to clients in Australia. This can include advising clients on anything from superannuation, life insurance and securities through to margin lending and managed investments.
How do I get RG146 compliant?
RG146 stands for Regulatory Guide 146, and is a mandatory licensing regulation required for anyone who sells financial product advice to clients in Australia. This can include advising clients on anything from superannuation, life insurance and securities through to margin lending and managed investments.
Who is responsible for RG146?
Regulatory Guide 146 (RG 146) on Training of financial product advisers, formerly known as policy statement 146 (PS 146) is an Australian financial regulation issued by the Australian Securities and Investments Commission (ASIC) related to the minimum training required by individuals selling financial products.
Is RG146 still relevant?
The minimum training standards for financial advisers set out in Regulatory Guide 146 Licensing: Training of financial product advisers (RG 146) will generally continue to apply to existing financial advisers until the professional standards apply .
What has replaced RG146?
This regime has effectively replaced ASIC RG146 and imposes additional requirements for financial advisers to consider. FASEA is responsible for implementing and overseeing this regime. FASEA will approve qualifications, set the standardised industry exam and CPD requirements and draft the Code of Ethics.
What is RG146 training?
RG146 stands for Regulatory Guide 146. Created by ASIC, it is a financial regulation for anyone providing financial advice . It is documented and explained in ASIC’s Regulatory Guide 146 Licensing: Training of financial product advisers .
What is Fsra tier2?
The Tier 2 RG146 Accreditation Online training program is specifically designed for corporate organisations that require employees to hold accreditation in General and/or Personal Advice in basic deposit and non-cash payment products and/or general insurance.
What is ASIC RG146?
RG146 stands for Regulatory Guide 146 . Created by ASIC, it is a financial regulation for anyone providing financial advice. ... Regulatory Guide 146 (RG146) was originally known as Policy Statement 146 (PS146), but was renamed by ASIC on 5 July 2007 when ASIC renamed all policy statements as regulatory guides.
Can anyone call themselves a financial planner?
But most importantly, know that anybody can call themselves a financial advisor or planner , so be cautious, look for professional designations, such as CFP, and ask good questions.
When was Fasea created?
Our Work. The Financial Adviser Standards and Ethics Authority (FASEA) was established by the Federal government in April 2017 through the Corporations Amendment (Professional Standards of Financial Advisers) Act 2017, to set the education, training and ethical standards of licensed financial advisers in Australia.
What is a general advice warning?
General Advice Warning. This advice has been prepared without taking into account your personal objectives, financial situation or needs . You should, therefore, consider the appropriateness of the advice, in light of your objectives, financial situation or needs before following the advice.
What is a Tier 2 product?
Tier 2 Product means a Licensed Product that does not contain a Tier 1 Compound as an active pharmaceutical ingredient (but contains (for clarity) a Tier 2 Compound as an active pharmaceutical ingredient).
Which products are regulated under the Corporations Act?
The regulatory framework covers a wide range of financial products including securities, derivatives, general and life insurance, superannuation, margin lending, carbon units, deposit accounts and means of payment facilities .
