ASIC is implementing the Government’s amendments to the approved principles for the administration of the financial adviser exam that were registered on 18 January 2024. The amendments:

remove the short answer questions from the exam and increase the number of multiple-choice questions; and
remove the requirement limiting exam participation to new financial advisers who have completed an approved degree and existing providers.
The next exam will be held on 26 March 2024 and will reflect the changes.

All candidates will be held to the same standard as for previous exams.