The Stockbrokers And Financial Advisers Association of Australia offers Accredited Derivatives Adviser Level 1 (ADA1) and Accredited Derivatives Adviser Level 2 (ADA2) accreditations.
Accredited Derivatives Adviser Level 2 (ADA2) complies with the requirement set out in Part 2.4 of the ASIC Market Integrity Rules (ASX Markets) 2010 for the accreditation of advisers who advise on derivatives traded on the Australian Securities Exchange.
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.
Who should complete the accreditation?
The accreditation is developed for individuals who are financial advisers and who have completed ADA1.
Is there any assumed pre-requisite knowledge?
Attendees must successfully complete ADA1 before enrolling in ADA2.
Note: Candidates may complete ADA1 and ADA2 at the same time. However, they must complete ADA1 successfully before enrolling in ADA2 separately. Candidates have twelve (12) months to complete ADA1 and ADA2 when enrolling at the same time (not three (3) months as per single accreditation enrolments)
1 x Online Exam (Closed Book, 50 questions, 2hrs + 15 min reading time, 80% pass mark)
Suggested study hours
Allow up to 150 hours
Will participants receive any CPD points for completing the accreditation?
Yes, candidates who successfully complete the accreditation receive CPD for twenty (20) hours (Generic, Securities and/or Derivatives, and includes up to 8 hours of Compliance CPD).
$320 Individual Member
$330 Organisation Member
Accredited Derivatives Adviser Level 1 & 2 (ADA1 & ADA2):
$690 Individual Member
$710 Organisation Member