Financial Planning Practice Guidance


Conduct Review Panel’s Notice to FP Canada™ Certificants

In December 2019, the Conduct Review Panel published two notices to FP Canada certificants:

 

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.


Standards Panel’s Notices to FP Canada™ Certificants

In November 2020, the Standards Panel published two notices to FP Canada certificants:

    The Financial Panning Process – What Consumers Can Expect in a Financial Planning Engagement.
    This notice provides guidance regarding the practice of financial planning; the process professional financial planners should follow in providing financial planning services to Canadians the expectations of FP Canada Certificants.

    Documenting the Terms of Engagement.
    This notice provides guidance to FP Canada Certificants and members of the public regarding Terms of Engagement documents.
    The Terms of Engagement is a document that sets out the agreement between the parties at the outset of the engagement. The use of a Terms of Engagement document, while not mandatory, may help ensure that FP Canada certificants are compliant with their disclosure obligations as outlined in the FP Canada Standards Council Rules of Conduct.