FASEA releases February exam results

In a statement, the authority said over 82 per cent of candidates had passed the exam, which was held in seven regional and 10 metropolitan centres from 13 to 18 February.

The authority also gave an update on sitting numbers overall, revealing that 32 per cent of advisers on the ASIC register, or 7,488 advisers in total, had sat the exam so far. Of those, 2,231 had sat the exam in February.

FASEA said 27 per cent of advisers on the ASIC register had passed the exam so far.

The authority's chief executive, Stephen Glenfield, said FASEA was pleased with the outcomes of the exam session and congratulated successful candidates on their completion of "an important component of their education requirements under the Corporations Act".

FASEA said over 1,700 advisers were currently registered for the June session, registrations for which were open until 22 May.

It said face to face exam sessions would not be held and that remote exam bookings would be open from 14 April, while candidates would also have the option to defer until August if they preferred.

Registrations for the August and October exam sessions would also open on 14 April, FASEA said.