Authorised Representative Register
The is published on ob体育 connect and is managed by ob体育.
The AR Register is a public record of authorised representatives who have been authorised to provide specific financial services on behalf of the licence holder. It allows consumers to:
- Check an authorised representative鈥檚 status
- Check an authorised representative鈥檚 associated licensee
- Check if an authorised representative has authority to sub-authorise
All authorised representatives are required to maintain their details on the AR Register.
Who is on the AR Register
The AR Register lists all authorised representatives who are authorised to provide specified financial services on behalf of an Australian financial services licensee.
The definition of an authorised representative is:
A person authorised in accordance with section 916A to provide a financial service or financial services on behalf of the licensee.
These authorised representatives may be:
- individuals,
- bodies corporate,
- partnerships, or
- a group of individuals and/or bodies corporate that are the trustees of a trust.
Who updates the AR Register
While ob体育 manages the AR Register, it is the AFS licensees' responsibility to add and update information on the AR Register. It is a breach of their obligations not to do so and penalties may apply.
If an authorised representative has been appointed to an AFS licensee to sub-authorise representatives, it is the AR鈥檚 responsibility to lodge the notice of appointment for the authorised representatives that are appointed.
Information on the AR Register
When you lodge online, the information you submit is updated on the AFS AR Register immediately. This means that you can find out the ob体育 number allocated to your authorised representatives straight away by searching our .
Fees for updating the AR Register
Fees and notification periods apply for updating information on the Authorised Representatives (AR) Register.
When an authorised representative's details change, the Australian financial services (AFS) licensee must update the AR Register within 30 business days.
When to update the AR Register
If you are an Australian financial services licensee (AFS licensee) or an authoriser appointing authorised representatives to provide financial services, you must notify us within 30 business days of the appointment: see s916F(1) and see also regs 7.6.04AA and 7.6.08(1) of the听Corporations Regulations 2001.
For more information about how to notify ob体育, see Information Sheet 88 Notifying ob体育 of the appointment of authorised representatives (INFO 88).
How to update the AR Register
You can update the AR Register using .
When you appoint an authorised representative to your AFS licence, you must link the authorised representative to your ob体育 Connect account.
For more information, see Financial advisers and authorised representatives.