Accredited Futures Adviser (ASX)
As of 1 August 2010, the Australian Securities and Investments Commission (ASIC) is responsible for managing and monitoring the accreditation process for ASX Futures Advisers interested in advising retail clients on futures contracts listed on ASX. To advise retail clients on ASX Futures, an adviser must be an Accredited Futures Adviser (AFA). For the avoidance of doubt, this requirement is for the following futures contracts listed on ASX and is not applicable for futures contracts listed on ASX 24 (formerly SFE).
ASX Mini Index Futures ($10 tick size)
S&P / ASX A-REIT Index Futures
S&P/ ASX 200 Index Futures
S&P/ ASX 50 Index Futures
ASX China Type Wool Futures
China Type 19.5 micron Wool
China Type 21.0 micron Wool
Chinat Type 22.6 micron Wool
In Chapter 2 of the ASIC Market Integrity Rules for the ASX Market, an adviser must be accredited before making recommendations or giving advice to retail clients in relation to any futures product traded on ASX. This is to ensure that advisers have a minimum level of competency in the products on which they advise.
To be eligible for accreditation as an AFA, an adviser must be employed by a Market Participant of ASX Futures, and must have met the required standards as determined by ASIC (see Rule 2.4.6(4)).
If you are interested in becoming an AFA and would like to know more about the above listed ASX futures contracts, please email ASX Business Development.
To become an Accredited Futures Adviser (ASX), please contact ASIC Customer Service on 1300 300 630.