Q: As a licensee, how do I view a list of my current authorised representatives and financial advisers?
A: You can search our Professional Registers to view a list of your licensee's authorised representatives and financial advisers for free. Search by your licence name or number to view a list of your representatives.
Q: I am a body corporate licensee authorised to provide personal advice in relation to relevant financial products to retail clients but I do not have any financial advisers to appoint to ASIC's register. How do I notify ASIC of the person or persons who controls the licensee under s922J of the Act?
All body corporate licensees authorised to provide personal advice in relation to relevant financial products to retail clients need to notify ASIC of the person or persons who control them under s922J of the Act. This notification can be made on the Form FS01 Application for AFS licence when applying for a new AFS licence,or the Form FS20 Change of details for an Australian financial services licence if you need to update an existing AFS licence.
Q: What happens if I haven't notified ASIC of my financial advisers or I have not notified ASIC of their educational qualifications and professional memberships?
A: We encourage AFS licensees to ensure that educational qualifications and professional memberships are notified and kept up to date. If you fail to update your financial adviser's details, you will be in breach of your obligations as an AFS licensee.
It is an offence to not notify ASIC about your financial advisers and penalties may be imposed. Also, failure to keep your adviser's details up-to-date may impact decisions made by consumers when selecting a financial adviser.