Accredited Derivatives Adviser Level 2 (ADA2)

ASX / SIAA 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 SIAA.

ASX / SIAA 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).

SIAA 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 Professional Standards CPD, this course provides 20 Professional Standards 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)

Candidates have 16 weeks from their enrolment start date to complete the online examination.

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 one month of enrolment, provided the candidate has not accessed the course.

Please note the $250 exam resit fee includes up to three resits. If a second or third resit is required please contact [email protected] or phone 02 8080 3200. 

How does the process work?

Kaplan Professional has partnered with SIAA to provide RG146 accreditation for our courses. This course is administered by SIAA and our certificates of RG146 accreditation issued upon completion are jointly distributed with Kaplan Professional. 

• Upon registration a welcome email with the access link to your course will be sent. 
• SIAA releases exam/closes exam at the requested day/time.
• The Candidate’s approved Supervisor supervises exam and returns the ‘Declaration by Online Exam Supervisor’ to SIAA. Results will not be released until SIAA 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

Useful downloads

Please go to each course page to enrol directly online.

PDF Enrolment form

ASX / SIAA Scholarship application

Supervisor Guidelines

• Application to be an Online Exam Supervisor (to be completed and returned by new Supervisors)
• Declaration by Online Exam Supervisor (to be completed and returned by Supervisors following supervision of a candidate’s online exam)

SIAA 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 SIAA course are bound by our Academic Misconduct Policy)