changes to afma accreditation
In November 2018, as part of AFMA’s Professionalism initiatives, the AFMA Board decided that the FNSSS00013 Business Ethics and Conduct Skill Set will be a mandatory requirement for all AFMA Accredited Individuals.
This Skill Set is the first government approved and authorised ethics and conduct Skill Set for the financial services industry. The Skill Set includes foundation skills for ethical competence in the financial markets sector.
What does this mean for you?
All individuals who were AFMA Accredited individuals (or enrolled in an AFMA Accreditation course) before 31 March 2019 will need to obtain the FNSSS00013 Business Ethics and Conduct Skill Set by the end of 2021 to remain accredited.
All individuals who enrol in an AFMA Accreditation course (and who wish to become AFMA Accredited) after 31 March 2019 will need to obtain the FNSSS00013 Business Ethics and Conduct Skill Set in order to be eligible for AFMA Accreditation.
How do I achieve the Business Ethics and Conduct Skill Set?
AFMA has developed the Professionalism: Conduct & Ethics course which has been specifically designed for financial markets professionals to achieve the Skill Set. This can be achieved either through normal study or through an alternative “assessment only” version of the course for eligible applicants. An alternative pathway also exists for those individuals who have completed a FASEA-approved ethics bridging course (for further information please email email@example.com).
For further information about the Professionalism: Conduct & Ethics course, and accreditation requirements, please refer the following links:
For further information about the Business Ethics and Conduct Skill Set and its competency units, please refer the following links: