The Australian Securities and Investments Commission's (ASIC's) adviser register should be ready for use by March 31.

The Regulator says consumers and licensees will soon be able to access a list of all persons employed or authorised by Australian financial services (AFS) licensees to provide personal financial advice to retail clients on Tier 1 (investment) products.

The watchdog is serious about the integrity of the site, threatening to slap fines of up to $76,500 or even jail terms on any individuals or their employers who put misleading information on the national register. 

ASIC will make regulations relating to the register soon, and says it is working with licensees and authorised representatives to make sure they get the important information in time.

Tier 1 products were defined as products other than basic banking products, general insurance products, consumer credit insurance products, or any combination of those products.