Assessment Requirements for FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations

Release: 1

Assessment Requirements for FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations

Modification History

Release	Comments
Release 1	This version first released with FNS Financial Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

follow organisational procedures and comply with regulations relating to financial planning practice

demonstrate expected standards of ethical behaviour.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

outline the key requirements of relevant legislation and regulation impacting on financial planning and explain their application to financial planning job roles

describe the key features and requirements of:

current government financial policy

organisational operational procedures

industry codes of practice

describe the principles and standards of ethical behaviours in financial planning

outline the key sources of financial planning information and expert or specialist personnel who can provide advice

identify and describe opportunities for professional development and learning.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial planning field of work and include access to:

office equipment, technology, software and consumables.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe