ASIC will take over administration of the financial adviser exam from the Financial Adviser Standards and Ethics Authority (FASEA) from 1 January 2022 following the commencement of the Financial Sector Reform (Hayne Royal commission Response - Better Advice) Act 2021 (the Act).
The first exam sitting of 2022 will be held from 17 February until 21 February 2022. Enrolments for this sitting will be open from 7 January 2022 and close on 28 January 2022. ASIC will publish further details about the process for enrolments soon.
Financial adviser exam
The dates for the first exam sitting of 2022 are as follows:
Exam Month |
Exam Date |
Sitting 16 - February 2022 |
Thursday 17/2 |
Friday 18/2 |
|
Saturday 19/2 |
|
Monday 21/2 |
To facilitate the administration of the exam, ASIC has entered into a contract with the Australian Council for Educational Research (ACER). ACER assisted FASEA with the administration of the exam and will continue to assist ASIC with administering the exam through 2022.
We are working with ACER to finalise Sitting 17, Sitting 18, and Sitting 19 of the financial adviser exam for the remainder of 2022. Including the February sitting, there will be three financial adviser exam sittings taking place before 30 September 2022.
During 2022, examinees sitting the first three exams can choose to sit the exam in an exam centre or through remote proctoring. From 1 October 2022, exams will only be available via remote proctoring.
Re-mark arrangements for the November 2021 exam
Candidates who sat the exam in November 2021 may request a re-mark of their written responses if they do not pass the exam. Applications for a re-mark will be due by 31 December 2021. There are no extensions available for this deadline. Results from the re-mark will be released by ACER in January 2022.
