Derivatives Accreditation

Under ASX Market Rules, an adviser must be accredited before making recommendations or giving advice to retail clients in relation to options, warrants or futures. This is to ensure that advisers have a minimum level of competency in the products in which they advise.  ASX may in limited circumstances exempt some warrant series from this requirement.

ASX Accredited Derivatives Adviser

ADA 1 - Level One accreditation is required in order to advise on:

  • warrants
  • taking options
  • selling options to close a taken position
  • covered call writing strategy

ADA 2 - Level Two accreditation is required in order to advise on:

  • writing options other than when the position is fully covered
  • Low Exercise Price Options (LEPOs)

Accreditation exams

In order to be accredited at either Level One or Level Two, an adviser must meet certain criteria. This includes passing the relevant ASX exam, with a minimum mark of 80%.

Exams are multiple choice, on-line exams conducted by Kaplan Education Pty Limited.  For full details, and access to the relevant application forms please visit the the Kaplan website or call the Kaplan Client Services Hotline on 1300 66 22 03.

Successful completion of the Level One exam counts towards 8 hours of Structured Continuing Professional Development for Stockbrokers Association of Australia (SAA) Members and successful completion of Level Two counts for 4 Structured CPD hours.

PS146 Compliance

ASX Accredited Futures Adviser

To advise retail clients on ASX Futures (contracts traded on ITS), an adviser must be an ASX Accredited Futures Adviser (AFA). To be eligible for AFA, an adviser must be employed by an ASX Market Participant (Futures).
Further information on AFA.