Accredited Derivatives Adviser Level 1 (ADA1)

The ASX, together with SAFAA, is offering Accredited Derivatives Adviser Level 1 (ADA1) and Accredited Derivatives Adviser Level 2 (ADA2) scholarships. Scholarships are designed to help advisers expand their knowledge and understanding of derivative products. Each scholarship is valued up to $400 and covers the full cost of both Accredited Derivatives Adviser Level 1 (ADA1) and Accredited Derivatives Adviser Level 2 (ADA2) enrolment.

Scholarship candidates must meet ASX / SAFAA Scholarship eligibility requirements – see below:

ASX / SAFAA Scholarship details

  • The scholarships are available to applicants on a case-by-case basis.
  • Successful scholarship recipients will be enrolled in either Accredited Derivatives Adviser Level 1 (ADA1) or Accredited Derivatives Adviser Level 2 (ADA2).  Note: candidates cannot apply for both courses in this scholarship period.
  • Any subsequent re-sit costs are to be covered by the applicant.
  • All scholarships are to be approved by SAFAA.

ASX / SAFAA Scholarship eligibility requirements

Scholarship applicants must be:

  • an employee or authorised representative of an ASX Market Participant; and
  • be ASIC RG146 compliant; and
  • be actively advising clients in equities or derivatives (Accredited Derivatives Adviser Level 1 (ADA1) or Accredited Derivatives Adviser Level 2 (ADA2)– sign off from compliance manager or authorised person must be provided); and
  • are to provide, in writing, how they plan to include derivatives, where appropriate, in future advice to clients.

Click here for the Accredited Derivatives Adviser Level 1 (ADA1) and Accredited Derivatives Adviser Level 2 (ADA2) Scholarship Application Form (pdf).

SAFAA offers Accredited Derivatives Adviser Level 1 (ADA1) and Accredited Derivatives Adviser Level 2 (ADA2) courses.

Learning outcomes

The subject content in the Accredited Derivatives Adviser Level 1 (ADA1) examines in detail the derivatives sector of the finance and investment industry and the range of market participants and product types. The characteristics and uses of various derivative products are considered in-depth in order to determine their suitability and application in a wealth creation strategy. Also covered are the regulatory and taxation environments affecting the use of derivatives products.

Accredited Derivatives Adviser Level 1 (ADA1) complies with the requirements set out in Part 2.4 Retail client Adviser Accreditation of ASIC Market Integrity Rules (Securities Markets) 2017.

Existing RG146 compliant advisers accredited at ADA1 level are allowed to advise on:

  • Taking options
  • Selling options to close out a taken position
  • Subscribing for and buying and selling warrants
  • Exercising warrants and options
  • Writing covered call options (i.e. where the client owns, or at the same time as writing the calls, buys the underlying shares and lodges those shares with ASX clear.)

SAFAA’s ADA1 course is approved by ASIC.

If claiming FASEA CPD, this course provides 20 FASEA CPD hours, the breakdown as follows: Technical competence 10 hours | Regulatory compliance and consumer protection 5 hours | General 5 hours.

Who should complete the course?

The course fulfils the training requirements set out in RG146 for providing general advice in derivatives.

Existing RG146 compliant financial market dealers and brokers, and authorised representatives, can also complete this course to extend their advisory range into Tier 1 Derivatives.

Assessment details

1 x Assignment (80% pass mark)
1 x Online Exam (Closed Book, 60 questions, 2hrs + 15 min reading time, 80% pass mark)

Suggested study hours

Allow up to 150 hours

Is there any assumed pre-requisite knowledge?

There is no assumed knowledge for this course. Students are likely to have completed Core 1: Securities and Managed Investments prior to studying this specialisation. It is the licensee’s responsibility to ensure that their staff have the required knowledge for their role.

Candidates may enrol in both Accredited Derivatives Adviser Level 1 (ADA1) and Accredited Derivatives Adviser Level 2 (ADA2) at the same time but must successfully complete Accredited Derivatives Adviser Level 1 (ADA1) before enrolling in Accredited Derivatives Adviser Level 2 (ADA2) separately. Note: Candidates have twelve (12) months to complete both courses when enrolling at the same time (not three (3) months as per single accreditation enrolments)

How does the process work? 

Kaplan Professional has partnered with SAFAA to provide RG146 accreditation for our courses. This course is administered by SAFAA and our certificates of RG146 accreditation issued upon completion are jointly distributed with Kaplan Professional. Enrolments close at 3.00pm every Monday Sydney time.

  • Candidate enrols online/registration is received.
  • Candidate receives Welcome email from SAFAA on Tuesday with course information/study materials.
  • Candidate completes and returns ‘Exam Booking Form’ to schedule their exam day/time. This must be done at least 3 days prior to exam.
  • SAFAA releases exam/closes exam at designated day/time.
  • The Candidate’s approved Supervisor supervises exam and returns the ‘Declaration by Online Exam Supervisor’ to SAFAA. Results will not be released until SAFAA has received the completed ‘Declaration by Online Exam Supervisor’.
  • Candidate receives result (results are released within 1 working day). Candidate receives Certificate (Certificates are issued end of each month).

Please ensure that the course you intend to enrol in is one you are required to undertake and are committed to completing, as fees are non-refundable. Substitutes are welcome within the enrolment period.

Enrolment fees

$370 Individual Member
$380 Organisation Member
$390 Non‐Member

Accredited Derivatives Adviser Level 1 (ADA1) & 2 (ADA2):

$690 Individual Member
$710 Organisation Member
$730 Non‐Member

Accredited Derivatives Adviser Level 1 (ADA1)

Non-Member: $390.00
Organisation Member: $380.00
Practitioner Member: $370.00

Accredited Derivatives Adviser Level 1 (ADA1) Assignment Resubmission

Non-Member: $250.00
Organisation Member: $250.00
Practitioner Member: $250.00

Accredited Derivatives Adviser Level 1 (ADA1) Online Exam Remote Supervision

Non-Member: $75.00
Organisation Member: $75.00
Practitioner Member: $75.00

Accredited Derivatives Adviser Level 1 (ADA1) Online Exam Resit

Non-Member: $250.00
Organisation Member: $250.00
Practitioner Member: $250.00

Useful downloads

Please go to each course page to enrol directly online.

PDF Enrolment form

Supervisor Guidelines

SAFAA Exam Booking Form (to be completed and returned by candidate at least 3 days prior to them sitting their online exam)

Summary of Assessment

Academic Misconduct Policy  (individuals who enrol in a SAFAA course are bound by our Academic Misconduct Policy)

Enrolments close at 3.00pm every Monday Sydney time.