Code of Ethics Standard commences 1 January 2020

Compliance with the Code of Ethics is a requirement for all financial advisers from 1 January 2020.

The Code issued by FASEA is a set of principles and core values that lays the foundations for a true profession to emerge. It is a principles based model providing a powerful framework to shape and reinforce ethical conduct and encourage a deeper engagement by the individual with their duties to their client as well as wider society.

As such, those who formerly provided a commercial service, are now committed to offering a professional service – informed by a Code of Ethics that is intended to shape every aspect of their professional conduct. This Code and the Standards within it are a matter of legal obligation and provide a foundation for conduct for all financial advisers, whatever their employment circumstance.

The Code is to be monitored and enforced, by one or more monitoring bodies, under a compliance scheme approved and supervised by ASIC.

Code of Ethics Legislative Instrument & Explanatory Statement

FAQ's

The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.

 

 

The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.