Has FASEA complicated ASIC’s licensing process?

Alex Burke,  Senior Writer,  No More Practice Education

According to ASIC's latest report on licensing and professional registration applications, less than half of the 2,879 applications considered during July 2017 to June 2018 were approved.

It's worth noting that over the period, 62% of those approved applications were done so in a "form other than applied for by the applicant," as ASIC put it. ASIC's executive director, assessment and intelligence, Warren Day, invited "prospective applicants, and licensees intending to apply for variations, to review this report to better inform their applications and understand the regulatory context when applying."

Day added that the regulator's licensing and registration functions are being further enhanced with a new online portal.

"While there have been some delays," he explained, "we expect the portal will ultimately deliver efficiencies by ensuring that we ask for, and are given, all and only, the relevant information required to make the right regulatory decision to grant or not grant a licence

Continue Reading
Liked this article? Let us know

Want more of the latest in opinions, expert insights and training?

Subscribe to our free eNewsletter now

/ Related content

Here's how FASEA is making it easier for existing advisers

FASEA has made some clarifications around CPD hours, prior learning cred....

Six associations have signed a historic agreement

Six associations have joined forces in a professional standards partners....

What the UK advice reforms say about FASEA

Some words of wisdom from someone who weathered the storm advisers are n....

Leave a comment /

Related content /

31 January, 2019

Alex Burke,Senior Writer,No More Practice Education

Here's how FASEA is making it easier for existing advisers

FASEA has made some clarifications around CPD hours, prior learning credits and further details about the adviser exam.

Read now

23 January, 2019

Alex Burke,Senior Writer,No More Practice Education

Six associations have signed a historic agreement

Six associations have joined forces in a professional standards partnership.

Read now

11 December, 2018

Alex Burke,Senior Writer,No More Practice Education

What the UK advice reforms say about FASEA

Some words of wisdom from someone who weathered the storm advisers are now facing here.

Read now

WordPress Lightbox Plugin