A Letter of Guidance and Advice may be issued by the Conduct Review Panel where the Panel has concerns about a certificant’s conduct but determines that a remedial approach is appropriate in the circumstances, through the issuance of guidance. Letters of Guidance and Advice do not reflect a finding of professional misconduct. All Letters of Guidance and Advice are anonymized and published on FP Canada’s website to provide notice to certificants and the public regarding the type of conduct that is a concern to the Conduct Review Panel.
In December 2019, the Conduct Review Panel published two notices to FP Canada certificants:
Conflicts of Interest - Acting as a Power of Attorney or Estate Executor.
This notice provides practical examples and illustrates the conflicts created by concurrently acting as a Power of Attorney for Property or Estate Executor and a financial planner.
Reporting Obligations to FP Canada and the Consequence of Failing to Report.
This notice is a reminder to existing FP Canada certificants and those applying for certification, renewed certification or reinstatement of their professional obligations to report to FP Canada.
In December 2018, the Conduct Review Panel published a notice on Taking Instructions from a Third Party, to remind FP Canada certificants of their professional obligations and provide additional guidance on handling individual and joint client relationships.
In the Fall 2016 issue of the FP Standard, the Conduct Review Panel published this notice regarding a recent pattern of allegations and the corresponding guidance to certificants to meet their professional obligations.