Responsible Managers: Your 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. Clinic 1 of this Program 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.
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You will need to download this registration form
Clinic 1 - Your Role and Obligations
See program outline
Sydney Aug 14, 2013
9:00am - 12:30pm
About the Speaker
Fadi C. Khoury, Financial and Investment Services Lawyer, Norton Rose
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 clinic is suitable for individuals who have been nominated as RM on their organisation’s AFSL, for a firm operating in Australian traded 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 in Australian traded financial markets, or to increase their knowledge in this area.
What will you learn?
By the end of this clinic 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 AFSL required by your organisation
- evaluate and assess the legislative and regulatory compliance needs of a licensee
- develop and implement strategies for meeting licensee obligations.
What is the workload?
The estimated workload for this clinic includes:
- 3.5 hours of workshop attendance
- approximately 20–30 hours of self-study
- completion of the assessment (see below)
What is the assessment?
There are three assessment components for Clinic 1:
quiz. One 30-minute online exam containing 20 multiple choice questions.
in practice exercises. Approximately 60 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. These are contained within your manual.
interview-based assessment. One 60-minute interview covering both Clinics 1 and 2, based on your answers to the ‘in practice’ exercises and conducted after you have attended Clinic 2.
What do you achieve by completing this clinic?
You will be awarded a Statement of Attainment when Clinics 1 and 2 are successfully completed, as partial completion of the Advanced Diploma of Financial Licensing Management FNS67011. 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 clinic 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.