AFSL representative training (RG 146)
Representatives advising on financial products to retail clients must meet RG 146 training standards.
Who must comply
AFSL holders + their representatives.
What triggers it
Providing financial product advice.
When due
Continuous; CPD per RG 146.
Evidence required
RG 146 training certificates; CPD log.
Max penalty
Civil penalties under s 912A; representative removal
Summary
ASIC RG 146 sets the training requirements for representatives + authorised representatives advising on financial products to retail clients. Knowledge + skill levels by product category. Now replaced (for personal advice) by FASEA standards under s 921B for relevant providers.
Enforced by
Source legislation
Entity types
Topics
Source: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-146-licensing-training-of-financial-product-advisers/. Rules Mate is not a law firm. Always verify against the live regulator source before acting.