About Responsible Managers
Banks, building societies, credit unions, mutuals and other deposit taking financial institutions must have an Australian Financial Services Licence to be an Authorised Deposit-taking Institution (ADI).
The AFS licence requires them to nominate responsible managers who have the experience and formal qualifications to demonstrate that the organisation is suitably managed.
Responsible Managers must be assessed under one of the five options in ASIC Regulatory Guide rg105.43 Table 1. The College can assist to offer assessment options; and recommend a suitable responsible manager training short course or a Diploma.
The College also provides online short courses and CPD for all Responsible Managers operating under an AFS Licence in accordance with rg 105.