To do this, AFS licensees must cease (remove) the relevant provider鈥檚 appointment on the Financial Advisers Register听飞颈迟丑颈苍听30 business days.
When you cease a relevant provider鈥檚 authorisation and they are not appointed by another AFS licensee on the Financial Advisers Register, they will no longer be 鈥榗urrent鈥� on听the Financial Advisers Register.听
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 in听听to update the Financial Advisers Register. ob体育 Connect is our online service for notifying and updating details with ob体育.
You need to provide the following details for each relevant provider you want to remove:
the relevant provider鈥檚 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鈥檚 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 to听Appoint (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: