The Legislative Framework for Authorised Financial Advisers

Course code FSC516

This online course is designed for individuals who are working in or wish to enter the financial services industry. It provides you with knowledge of the legislative framework for operating as an authorised financial adviser. It enables you to apply relevant statutes, regulations, case law and the Code of Professional Conduct for Authorised Financial Advisers to the provision of financial advice.

For more information watch the course introduction video below.

How to enrol

Before enrolling in this course you need to:

  • Choose the qualification you will study the course under. See the Work towards tab below for qualification options.
  • Check the order that courses in the qualification should be studied in the Qualification Structure table. This is in the Choose courses tab on the qualification page.
  • Level 5  
  • Study type Open  
    EFTS 0.0417  
  • Availability
    2018 :  
    This course will start on the first Monday of the month you select for enrolment.
  • Delivery type
    2018 :  
    Online only
  • Workload

    All our open courses have a credit value. For each credit, allow about 10 hours of study. Your workload may be higher around assessment due dates.

  • Fees
    2018 :  
    NZ students $180 + $60 annual administration fee
    International students $470 + $60 annual administration fee
  • Prerequisites Check entry and other requirements under the qualification you are studying  

Students who successfully complete this course will be able to

  • Explain participants and terms in the legislative framework for financial advisers, and their registration and reporting requirements.
  • Explain the disclosure and conduct obligations of financial advisers, and apply to a given financial advice situation.
  • Explain consumer legislation and financial services compliance legislation, and apply to a given financial advice situation.
  • Explain the Code of Professional Conduct for Authorised Financial Advisers’ standards of ethical behaviour, client care and competence, and apply to a given financial advice situation.
  • Describe participant roles and responsibilities in resolving complaints.


Although the Open Polytechnic provides learning materials, this course is assessed by The Skills Organisation. Visit The Skills Organisation’s website for more information and to register for assessment.

You will need to pay an additional fee directly to The Skills Organisation for this assessment.

Other requirements

Your course is delivered 100% online. To complete this course you will need access to a computer or device, broadband internet and a data plan able to support online learning such as streaming of videos (including YouTube), downloading content and submitting online assessments. If you are unsure if your current computer/device or internet access allows you to complete your online learning with us, please contact us before applying to enrol.