advisory functions including: the role of the representative or adviser participants in the advisory services market range of services provided profile and financial information of the client appropriateness of a risk assessment relevant industry codes of practice and conduct complaints resolution procedures (internal and external) regulator guidelines including the requirements of ASIC A general understanding of Australian financial services products (general definition, specific inclusions and exclusions), financial investment products and financial risk products Knowledge of products available for risk management, speculation and investment in regulated emissions markets: Australian Carbon Credit Units (ACCUs) Carbon units Eligible international emissions units Risks, risk characteristics and mitigating strategies relative to regulated emissions: regulatory risk documentation risk market/pricing risk fraud emerging market risk counterparty risk taxation issues in relation to carbon emissions products and markets in which they operate strategy development in an emissions marketplace Evaluation of client objectives against risks Concept development and evaluation theories of investment, portfolio management and management of investment and risk: investment concepts investment strategies identification of types of risk client risk profile the legal environment and disclosure and compliance: the role of the representative or adviser relevant legal principles (e.g. Corporations Act, Financial Services Reform Act (FSRA), Trade Practises Act) the relationship between ethics and regulatory requirements (e.g. good faith, utmost good faith) full disclosure of remuneration and fees and any other conflicts of interest which may influence the adviser's recommendation elements of the Registered Representatives Examination (where relevant) Chi-X Australia or Australian Securities Exchange (ASX) Operating Rules (where relevant) |