FP Canada Standards Council: Policies and Procedures

FP Canada Standards Council publishes a variety of documents and reports containing standards, policies and guidelines for the financial planning profession. These documents are a helpful resource for FP Canada certificants, students, educators, the Canadian public and other stakeholders.

 

FP Canada Standards Council Standards of Professional Responsibility

Set and enforced by FP Canada Standards Council, the Standards of Professional Responsibility define the ethical and professional responsibilities of CFP professionals and FPSC Level 1 certificants. The Standards of Professional Responsibility include the: Code of Ethics, Rules of Conduct, Fitness Standards and Practice Standards. These standards are maintained by the Standards Panel.
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Policies and Guidelines for Obtaining and Maintaining CFP Certification and FPSC Level 1 Certification in Financial Planning

This document contains certification guidelines for CFP certification and FPSC Level 1 certification. The requirements are designed to ensure that all who obtain and maintain CFP certification and FPSC Level 1 certification have the necessary competency to deliver the vital services they provide to Canadians.
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New Policies and Guidelines

Effective January 1, 2020, these certification guidelines outline the requirements for CFP certification and QAFP certification, which will replace FPSC Level 1 certification. The requirements are provided in advance to inform stakeholders and to help future candidates prepare.

    CFP Certification Policies - Effective January 1, 2020

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    QAFP Certification Policies - Effective January 1, 2020

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FP Canada Standards Council Disciplinary Rules and Procedures

These procedures guide how FP Canada Standards Council conducts Investigations and disciplinary hearings into actions by FP Canada certificants that may represent a breach of the FP Canada Standards Council Standards of Professional Responsibility

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FP Canada Standards Council Policy on the Publication of Disciplinary Information

This policy establishes guidelines for the publication of disciplinary notices to protect the public interest and promote fairness and transparency.

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FP Canada Standards Council Policy on the Disclosure of Investigations and Interim Suspensions

This policy establishes guidelines for interim suspension of certification during an ongoing Investigation and the public disclosure of an ongoing Investigation in exceptional circumstances, to protect the public interest.

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Letters of Guidance and Advice

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, through the issuance of guidance, is appropriate in the circumstances. 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. This publication provides notice to the certificants and the public regarding the type of conduct that presents a concern to the Conduct Review Panel.

2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010

 

Notices to FP Canada Certificants

  • In December 2018, the Conduct Review Panel published a notice on Taking Instructions from a Third Party, to remind FPSC 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.

 

Enforcement and Disciplinary Review Report

This report details FP Canada Standards Council’s Intake, Investigation and Enforcement process.

2017 | 2016

 

Responding to an Investigation

This document provides information that may be helpful to FP Canada certificants who are the subject of a complaint or Investigation.

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