In Australia, under the Corporations Act, individuals wishing to provide financial product advice to retail clients are required to meet initial and ongoing educational requirements as outlined in ASIC Regulatory Guideline 146 (RG146).
Entry requirement for ASIC RG146 training
To meet ASIC RG146 compliance, participants must complete Generic Knowledge and either the General Advice or Personal Advice of the specific knowledge area depending on the type of advice being provided*.
The Generic Knowledge component is only required to be completed once.
It is important to note that Kaplan cannot issue your academic record upon completion of the General Advice or Personal Advice subject if Generic Knowledge has not been attained.
The Generic Knowledge entry requirement may be met by evidence of equivalent competency through mutual recognition (MR), recognition of prior learning (RPL) or recognition of current competency (RCC).
*This entry requirement does not apply to Tier 2 Compliance Solution – RG146 Accreditation Program. Please refer to the subject page for specific information.