AFA Authorisation Renewal Guide

In 2010, the Financial Advisers Act 2008 (FA Act) was introduced to regulate individuals and businesses providing financial adviser services. Financial advisers have been generally authorised to provide services for up to five years. They are due for authorisation renewal from 2015 onwards. Under section 58 of the FA Act, existing authorised financial advisers (AFAs) can renew for a further term, generally for five years.