Accredited Derivatives Adviser Level 2 (ADA2)

The ASX, together with SAFAA, has sponsored 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 the Accredited Derivatives Adviser Level 1 (ADA1) or 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 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

Accredited Derivatives  Adviser Level 2 (ADA2) complies with the requirements set out in Part 2.4 Retail client Adviser Accreditation of ASIC Market Integrity Rules (Securities Markets) 2017.

Advisers accredited at ADA2 level are allowed to advise on:

  • Writing options (other than for the purposes of closing out a taken position, or writing covered calls)
  • Taking or writing LEPOs.

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 is developed for individuals who are financial advisers and who have completed Accredited Derivatives Adviser Level 1 (ADA1).

Assessment details

1 x Online Exam (Closed Book, 50 questions, 2hrs + 15 min reading time, 80% pass mark)

Suggested study hours

Allow up to 150 hours

Is there any assumed pre-requisite knowledge?

Attendees must successfully complete Accredited Derivatives Adviser Level 1 (ADA1) before enrolling in Accredited Derivatives Adviser Level 2 (ADA2).

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

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.

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).

Enrolment fees

$320 Individual Member
$330 Organisation Member
$340 Non‐Member

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

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

 

Accredited Derivatives Adviser Level 2 (ADA2)

Non-Member: $340.00
Organisation Member: $330.00
Practitioner Member: $320.00

Accredited Derivatives Adviser Level 2 (ADA2) Online Exam Remote Supervision

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

Accredited Derivatives Adviser Level 2 (ADA2) 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.