AFA News 10 March 2022. Following the closure of FASEA on 31 December 2021, ASIC is now responsible for the adviser exam. Click here for more information on the exam.
On 8 March 2022, ASIC announced the remaining 2022 exam sitting dates to take place in May and July (available for existing advisers who are eligible for the extension to 30 September 2022 and new entrants) and November, being the last exam for the year (available for provisional advisers, completing the Professional Year).
Existing advisers were required to pass the exam by 1 January 2022, however, an extension has been made available for those who had previously had at least two failed attempts at the exam. These existing advisers have until 30 September 2022 to re-sit and pass the exam in order to remain authorised.
Any individual, who was not registered on the ASIC FAR between 1 January 2016 and 1 January 2019, is considered a new entrant and must complete an approved degree, undertake the Professional Year program and pass the exam.
Please click here – for more information relating to New Entrants.
The May exam dates are:
- Thursday 12 May 2022
- Friday 13 May 2022
- Saturday 14 May 2022
- Monday 16 May 2022
The third round of exams:
- Thursday 28 July 2022
- Friday 29 July 2022
- Saturday 30 July 2022
- Monday 1 August 2022
The fourth and final round of exams in 2022:
- Thursday 3 November 2022
Please click here to read the full ASIC Media release.
Existing advisers who were not on the Financial Adviser Register as of 31 December 2021, are considered as being on a career break, and despite potentially not having attempted the exam at least twice by 31 December 2021, can still sit the exam, however, they are not able to practice again until they have passed the exam.
Please click here for the ASIC FAQ on the Timeframe for passing the financial adviser exam.
If you have questions with respect to sitting the exam, please email email@example.com
Issued 10.03.2022. AFA Policy & Education Update