Financial advisers and authorised representatives
As an Australian financial services (AFS) licensee, you can appoint financial advisers and authorised representatives to your AFS licence. Once they are appointed, you can update their details online, including authorisations, qualifications and address.
To do this, you need to sign up for an ASIC Connect account and link your AFS licence.
Additional information required from 15 November 2019
To comply with the professional standards for financial advisers, AFS licensees must add new information to the Financial Advisers Register from 15 November 2019. For more details and compliance dates, see Timeline for the reforms.
As an AFS licensee, you can appoint an authorised representative to:
- provide specified financial services, and/or
- appoint other authorised representatives on your behalf.
For more information, see Appointing and ceasing an AFS authorised representative.
Appoint an authorised representative
Before you can appoint an authorised representative to your AFS licence, you need to link the authorised representative to your ASIC Connect account:
To appoint an authorised representative to your AFS licence using ASIC Connect, follow these step-by-step instructions:
When you appoint an authorised representative, they are listed on the Authorised Representatives Register.
Update or correct an authorised representative's details
To update or request a correction to an authorised representative's details using ASIC Connect, follow these step-by-step instructions:
- How to update authorised representatives / financial adviser details
- How to request a correction to authorised representative details
Cease (remove) an authorised representative
To remove an authorised representative from you licence using ASIC Connect, follow these step-by-step instructions:
As an AFS licensee, you must notify ASIC when you authorise a financial adviser, provisional financial adviser or time-share adviser under your AFS licence.
Appoint an adviser
When you authorise an adviser, you must appoint the adviser to using ASIC Connect. For more information and step-by-step instructions, see:
When you appoint an adviser, they are listed on the Financial Advisers Register.
Update or correct an adviser's details
When an adviser's details change, you must update their details on the Register using ASIC Connect. For more information and step-by-step instructions, see:
Cease (remove) an adviser
To remove an adviser from you licence using ASIC Connect, follow these step-by-step instructions: