To do this, AFS licensees must cease (remove) the relevant provider’s appointment on the Financial Advisers RegisterÌý·É¾±³Ù³ó¾±²ÔÌý30 business days.
When you cease a relevant provider’s authorisation and they are not appointed by another AFS licensee on the Financial Advisers Register, they will no longer be ‘current’ onÌýthe Financial Advisers Register.Ìý
Up to 25 relevant providers can be removed in one transaction.
Steps to remove a relevant provider from the Financial Advisers Register
1. Check you are authorised to update the Financial Advisers Register
You are authorised to update the Financial Advisers Register if you:
have your own AFS licence
manage an AFS licence for a business, or
have been authorised to update the Financial Advisers Register by an AFS licensee.
You need to be set up inÌýÌýto update the Financial Advisers Register. ASIC Connect is our online service for notifying and updating details with ASIC.
You need to provide the following details for each relevant provider you want to remove:
the relevant provider’s representative number
who appointed the relevant provider (AFS licensee or authorised representative)
the role to be ceased (relevant provider and/or authorised representative)
the date the relevant provider’s role was ceased.
If the relevant provider is also an authorised representative, the AFS licensee has the option to cease their role as a relevant provider and as an authorised representative in one transaction.
If you want to re-appoint a relevant provider who has been removed from the Financial Advisers Register, then you need toÌýAppoint (add) a relevant provider.
3. Decide how you will pay
Fees apply for removing a relevant provider from the Financial Advisers Register. You can choose to pay either: