The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
Generic knowledge
organisational policies and procedures relating to relating to providing wholesale advice in securities
characteristics of the economic environment, including:
impact of economic and business cycles
interest rates and exchange rates
inflation
government monetary and fiscal policy
operation of financial markets, including:
roles played by intermediaries and issuers
structure and interrelationships within the financial markets
interrelationship between industry sectors
key aspects of financial products, including:
types of financial investment products
specific inclusions and exclusions
types of financial risk products
fee structures and charging methodologies
Specialist knowledge
key characteristics of securities markets, including:
market participants
roles played by intermediaries
market structure and operation
key characteristics of types of securities products, including:
range of securities
associated risks
investment options using securities product
alternative products, including derivatives
fee structures and charging methodologies
key theories of investment, portfolio management and management of investment and risk, including:
investment concepts
investment strategies
identification of types of risk
client risk profile
taxation issues in relation to securities, financial products and markets in which they operate
legal environment, including disclosure and compliance covering:
role of representative and adviser
legal principles relating to key Acts relevant to performance evidence
relationship between ethics and regulatory requirements covering good faith, utmost good faith, full disclosure of remuneration and fees, and any other conflicts of interest that may influence adviser’s recommendation
relevant industry standards and codes of conduct
regulators’ guidelines relevant to the provision of advice in securities
resolution procedures for internal and external complaints
stockbroking competency standards
Australian Securities Exchange (ASX) 24 Operating Rules
Australian Securities and Investments Commission (ASIC) market integrity rules.