The Financial Adviser Standards and Ethics Authority has announced the results of its second exam held in September.
The exam was held in eight metropolitan and seven regional centres across Australia from 19-23 September, with 1,697 advisers sitting the exam, FASEA said in a statement.
Over 88 per cent of candidates passed the September exam.
“FASEA is pleased with the implementation of the second exam and congratulates successful candidates on completing an important component of their education requirements under the Corporations Act,” said FASEA chief executive Stephen Glenfield.
“Unsuccessful candidates are able to resit the exam and these advisers will receive guidance on which knowledge areas they need to improve to enhance their ability to pass at a future sitting.”
The next exam will be held in December in 19 locations and with over 3,200 advisers currently enrolled, FASEA said. Registrations for the December exam are closed.
Registrations for the February 2020 exam are open. The February exam will be held in 17 locations including regional locations, with over 190 advisers currently enrolled.
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