How FASEA requirements are affected by the pandemic

Alex Burke,  Senior Writer,  No More Practice Education

COVID-19 has presented multiple challenges to industries throughout the world - and financial advice is no different.

Responding to recent queries concerning how CPD compliance requirements might be disrupted by the pandemic, FASEA acknowledged that "delivery of face-to-face CPD offerings may be difficult."

To address this, FASEA said licensees should be taking a "supportive approach to compliance in these extraordinary circumstances."

FASEA continued: "FASEA understands that effective solutions are being offered by Licensee CPD programs that contain online learning as part of a led or conducted CPD program. Video conferencing and/or webinar technology options are appropriate alternatives to face to face offerings.

"Licensee CPD policies are required to include potential relief provisions to assist the needs of advisers affected by extenuating circumstances (including medical).

"Advisers affected in this way should consider contacting their Licensee to determine the most appropriate approach to their individual position."


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