The authorization scheme for financial advisers is an arrangement that regulates qualifications and competence for financial advisers. The aim of this scheme is to ensure that advisers have the necessary knowledge and skills to give qualified advice to customers about financial products and services. Through certification and authorisation, the scheme helps to raise the standard within the industry.
Financial advisers covered by this scheme must meet specific requirements for education and experience. In addition, there is a requirement for continuous professional development in order to maintain the authorisation. This helps to ensure that advisers are up-to-date on current laws, regulations and market trends, which is important to be able to give informed advice to their clients.