Who updates the Financial Advisers Register?

While ASIC manages the Financial Advisers Register, it is the AFS licensee's responsibility to add and update information about the relevant providers they authorise (including provisional relevant providers and time-share advisers).

If an AFS licensee does not maintain or update the information on the Financial Advisers Register, they are in breach of their obligations. Penalties may apply. It is also in the AFS licensee's interest ensure the information on the Financial Advisers Register is up to date to help consumers choose a relevant provider.

When a relevant provider’s details change, the AFS licensee must update the Register within 30 business days. 

AFS licensees need an ASIC Connect account to appoint, maintain and register the relevant provider. ASIC Connect is our online service for notifying and updating details with ASIC. Fees to update the Financial Advisers Register.

AFS licensee

As an AFS licensee, you can update your details on the Financial Advisers Register, and the details of relevant providers you have authorised.

When you apply for your AFS licence, you can nominate a person in your business to manage your AFS licence. This person is called a responsible manager or key person, and can update the Financial Advisers Register on your behalf.  

To update the Financial Advisers Register, your ASIC Connect account must be linked to your AFS licence.

Authorised representative

If you are an authorised representative of an AFS licensee, you can update the details of relevant providers you have appointed on the Financial Advisers Register.

To update the Financial Advisers Register, the AFS licensee needs to link you to their ASIC Connect account.

Authorised representatives are listed on the Authorised Representatives Register.