If a financial services licensee makes an application in accordance with section 921ZB in relation to a relevant provider, and ASIC registers the relevant provider under subsection 921ZC(1), the registration:
(a) comes into force when ASIC records in the Register of Relevant Providers that the relevant provider is registered under subsection 921ZC(1); and
(b) remains in force until the earliest of the following:
(i) the cancellation time specified in a registration prohibition order in force against the relevant provider;
(ii) the time when a banning order against the relevant provider takes effect;
(iii) the licensee ceases to authorise the relevant provider to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products.
Note: A notice must be lodged under section 922H when there is a change in a matter for a relevant provider.