The accreditation of advisers who advise on derivatives traded on the Australian Securities Exchange is a requirement set out in Part 2.4 of the ASIC Market Integrity Rules (ASX Markets) 2010.
There are two levels of accreditation.
Accredited Derivatives Adviser Level 1 (ADA1) - Advisers accredited at Level 1 are allowed to advise on:
RG146: This accreditation meets the training requirements under ASIC Regulatory Guide RG146 in specialist knowledge and skills components for Derivatives at a Tier 1 level.
Accredited Derivatives Adviser Level 2 (ADA2) - Level 2 accreditation is required if an adviser advises on:
Candidates may enrol in both ADA1 and ADA2 at the same time but must successfully complete ADA1 before enrolling in ADA2 separately.
Please see below table for costs/assessment details and suggested study hours.
Candidates have three (3) months from enrolling to complete each accreditation or twelve (12) months to complete when enrolling for both ADA1 and ADA2 at the same time.
*All Prices are quoted in Australian Dollars and are exempt of GST. Prices are current as of March 2013.
**note, CPD hours can only be claimed once candidate is already RG146 compliant. CPD points may not be claimed if candidate is undertaking Core 1 Accreditation to become compliant.
Enrol in the ADA1 or ADA2 Accreditation.
Please contact the Stockbrokers And Financial Advisers Association at firstname.lastname@example.org if you have any queries or would like further information
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