WELCOME TO FASEA
The Financial Adviser Standards and Ethics Authority (FASEA) was established in April 2017 to set the education, training and ethical standards of licensed financial advisers in Australia.
In June 2017, FASEA was declared as the standards body under the Corporations Act 2001. Under this act, FASEA is responsible for:
- approving degrees or higher or equivalent qualifications and determining the bridging course requirements for existing advisers
- approving foreign qualifications
- approving and/or administering the exam
- selecting an appropriate common term for provisional relevant providers
- determining the continuous professional development (CPD) requirements in relation to licensees’ CPD years
- determining the requirements for the professional year
- setting the Code of Ethics