The Stockbrokers And Financial Advisers Association’s Foreign Exchange (FX) Accreditation is designed not only for advisers with retail clients, but advisory staff that also deal with wholesale clients – not institutions, but high net worth individuals who would be classed as sophisticated investors and who deal in some of the products that would not normally be traded by retail investors – such as spot transactions, forwards and currency options. The FX Accreditation covers FX markets, FX exchange products, taxation, and compliance.
The FX Accreditation covers the areas of:
- FX markets
- FX exchange products
Advisers who provide advice on foreign exchange must meet training requirements under Regulatory Guide 146 Licensing: Training of financial product advisers (RG 146). Foreign exchange is classed as a Tier 1 product in RG 146.
RG146: This accreditation meets the training requirements under ASIC Regulatory Guide RG146 in specialist knowledge for Foreign Exchange at a Tier 1 level.
Who should complete the accreditation?
The accreditation is ideal for advisers with retail clients and advisory staff that also deal with wholesale clients – not institutions.
Is there any assumed pre-requisite knowledge ?
There is no assumed knowledge for this accreditation.
1 x Online Exam (Closed Book, 40 questions, 1.5hrs + 15min reading time, 80% passmark)
Suggested study hours
Allow up to 90 hours
How does the accreditation process work?
Accreditations are administered for us by Western Sydney University RTO (WSU RTO), a division of Western Sydney University.
- Candidate enrols online/registration is received
- Candidate receives Confirmation email from SAFAA acknowledging enrolment, and that WSU RTO will send details the following Monday
- Candidate receives Welcome email from WSU RTO on Monday PM with all accreditation information/materials
- Candidate completes and returns Exam Booking Form to book in their exam day/time. This must be done at least 2 days prior to exam
- WSU RTO releases exam/closes exam at designated day/time
- The Candidate’s approved Supervisor supervises exam, and returns the Declaration by Exam Supervisor to WSU RTO
- Candidate receives result (results are issued end of each day). Candidate receives Certificate (Certificates are issued end of each month, following receipt of Declaration by Exam Supervisor).
Will participants receive any CPD points for completing the accreditation?
Yes. Candidates who successfully complete the Foreign Exchange Accreditation may claim up to 10 hours of CPD (Generic, Securities and/or Foreign Exchange, includes up to 6 hours of Compliance CPD).
Enrolment form (to be completed and returned by candidates who are not enrolling online via this website)
- Application to be a 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)
SAFAA/WSU RTO Exam Booking Form (to be completed and returned by candidate at least 2 days prior to them sitting their online exam)