The Financial Adviser Standards and Ethics Authority has sent out the results for its third adviser exam held throughout December last year.
The exam was held in eight metropolitan and 11 regional centres across Australia from 5 December to 11 December, FASEA said in a statement.
More than 86 per cent of the 2,981 advisers who sat the exam received a pass mark, slightly lower than the 88 per cent who passed the September 2019 exam.
“FASEA is pleased with the outcomes of the third 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.”
Registrations for the February exam are open until 31 January 2020, and will be offered in 17 locations from 13 to 18 February. Currently over 2,200 advisers are enrolled for the February sitting.
Starting from the February exam, regional candidates will have the option to sit the exam remotely.
In addition, registrations are currently open for the April 2020 exam to be offered in 18 locations including regional locations from 2 to 7 April. Over 600 advisers are currently registered for the April sitting.
Registrations for the June exam open on 2 March, with the exam to be held in 18 locations from 11 to 16 June.
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