ASIC reviews training policy
The Australian Securities and Investments Commission (ASIC) is currently conducting a policy review regarding the appropriateness of some of the training standards within financial planning.
The review will focus on the current standards for providers of general advice and providers of advice on general insurance products.
It will also revisit ASIC’s training register as well as determine whether some of the categories within Policy Statement 146 Licensing: training of financial product advisers should be broken down into a larger number of narrower categories.
Furthermore, ASIC intends to review its stance on the recognition of prior study and training.
ASIC will release a public consultation paper in July to seek broad input on the review.
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