The financial services industry has clear sectoral lines, with broad and non-descriptive industry classifications and some unique product streams, particularly in the insurance sector.
The financial services industry is diverse and increasingly subject to regulation, from both government agencies and industry bodies. The FNS units of competency all refer to relevant government regulatory requirements, legislation, Australian Standards and industry and enterprise codes of practice that must be adhered to in day-to-day operations.
The majority of FNS qualifications now have specific entry requirements, with units of competency with pre-requisites from previous courses. Essentially, students will need to progress from certificate levels qualifications to diploma qualifications.