ASIC publishes first sitting dates for 2022 financial adviser exam

The first exam sitting of 2022 will be held from 17 February until 21 February 2022, the corporate regulator announced on Monday (20 December).

ASIC is poised to take over the administration of the financial adviser exam from the Financial Adviser Standards and Ethics Authority (FASEA) from 1 January 2022 following the commencement of the Financial Sector Reform (Hayne Royal Commission Response – Better Advice) Act 2021.

Enrolments for the first sitting, ASIC confirmed, will be open from 10 January 2022 and close on 28 January 2022. The regulator is expected to publish further details about the process for enrolments soon.

To facilitate the administration of the exam, ASIC has entered into a contract with the Australian Council for Educational Research (ACER), which had earlier assisted FASEA with the administration.

“We are working with ACER to finalise Sitting 17, Sitting 18, and Sitting 19 of the financial adviser exam for the remainder of 2022. Including the February sitting, there will be three financial adviser exam sittings taking place before 30 September 2022,” ASIC said.

ASIC confirmed that during 2022, examinees sitting the first three exams could choose to sit the exam in an exam centre or through remote proctoring. From 1 October 2022, exams will only be available via remote proctoring.

The corporate regulator has also released additional information for candidates who sat the exam in November 2021 and want to have it re-marked. According to the statement, candidates can make this request by 31 December 2021. There are no extensions available for this deadline.

Results from the re-mark are expected to be released by ACER in January 2022.