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RM Program: Role and Obligations

As a new or nominated responsible manager (RM), you're expected to understand the legal and compliance obligations relating to the products and services your organisation provides. This module will give you the skills and knowledge you need to make day-to-day decisions on how these services are provided within the Australian financial services (AFS) licensing framework.

PROGRAM: Responsible Managers Program
TITLE: Role and Obligations
FEE: See program outline
Sydney Nov 28, 2017
9:00am - 4:30pm
Sydney Feb 26, 2018
9:00am - 4:30pm
Sydney May 30, 2018
9:00am - 4:30pm
Sydney Aug 27, 2018
9:00am - 4:30pm
Sydney Nov 29, 2018
9:00am - 4:30pm

About the Speaker

Fadi C. Khoury, Partner, Norton Rose Fulbright

Fadi specialises in financial and investment services. He has extensive experience advising local and offshore managers on the establishment of investment products – particularly real estate funds, private equity vehicles, retail managed funds, hedge funds, listed investment companies and structured products. Fadi also advises in relation to foreign investment, investment management, and regulatory matters, including AFS licensing. Fadi lectures in securities law, real estate funding and financial services as part of various Master of Applied Finance programmes.

Who is it for?

This module is suitable for individuals who have been nominated as an RM on their organisation’s AFS licence, for a firm operating in Australian financial markets and:

  • seeking recognition of their skills and knowledge
  • working for an AFMA member organisation and requiring industry accreditation
  • needing to satisfy regulatory training requirements under RG 105 and/or RG 146
  • seeking a nationally recognised workplace qualification in finance
  • aspiring to further their career or to increase their knowledge in this area.

What will you learn?

By the end of this module you should be able to:

  • explain the legislative and regulatory framework within which an AFS licensee operates
  • identify the legislative and regulatory changes affecting a licensee and develop strategies to respond to these changes
  • evaluate and assess the scope of the AFS licence required by your organisation
  • evaluate and assess the legislative and regulatory compliance needs of a licensee
  • develop and implement strategies for meeting licensee obligations
  • describe the role of an RM
  • explain the knowledge and skill requirements for an RM
  • evaluate and assess whether you are meeting your obligations as an RM
  • describe the circumstances in which RMs may be exposed to liabilities and how to reduce this exposure
  • lead and motivate your workplace team to ensure compliance with AFS licence obligations.

What is the workload?

The estimated workload for this clinic includes:

  • 7 hours of workshop attendance
  • completion of the self-study manual   
  • completion of the assessment (see below).

What is the assessment?

There are two assessment components for this module:

  • in practice exercises. Completion of short-answer activities that develop your understanding of how your organisation fulfils its obligations as an AFS licensee and what you need to do as its RM
  • workplace research project. You are to plan and implement an amendment to your organisation's compliance management system.

What do you achieve by completing this MODULE?

You will be awarded a Statement of Attainment when this module is successfully completed, as partial completion of the FNS60715 Advanced Diploma of Financial Licensing Management. To achieve the Advanced Diploma, you need to complete one of the elective pathways detailed here.


Fantastic level of detail that will greatly assist me in carrying out my duties as an RM.

The interactive group work greatly helped my understanding as the module had a variety of participants.

The presenter did a fantastic job of keeping the group focused.

It's been very good to take stock and review all of our policies and procedures internally as a result of this course.