Announcements

Guidance on CPD compliance arising from COVID-19 business disruption

Mar 19, 2020

MEDIA RELEASE

The Financial Adviser Standards and Ethics Authority (FASEA) has received enquiries relating to operation of CPD requirements resulting from current COVID-19 business disruption.

FASEA recognises the challenges presented by COVID-19. Importantly FASEA understands that delivery of face to face CPD offerings may be difficult.

FASEA encourages Licensees to take a supportive approach to compliance in these extraordinary circumstances.

FASEA understands that effective solutions are being offered by Licensee CPD programs that contain online learning as part of a led or conducted CPD program. Video conferencing and/or webinar technology options are appropriate alternatives to face to face offerings.

Licensee CPD policies are required to include potential relief provisions to assist the needs of advisers affected by extenuating circumstances (including medical). Advisers affected in this way should consider contacting their Licensee to determine the most appropriate approach to their individual position.

In the current extraordinary circumstance licensees will no doubt be reviewing and, where appropriate, adjusting their CPD policy to include appropriate provisions.
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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.