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.

 


Notice: The latest changes to the FP Canada Standards Council Standards of Professional Responsibility come into effect June 1, 2024.
The upcoming amendments to the Standards of Professional Responsibility include the following:

  • A new Rule of Conduct requiring CFP professionals and QAFP professionals to speak with their client about the benefits of identify a Trusted Contact Person and documenting same, to protect potentially vulnerable clients
  • A new Rule of Conduct requiring CFP professionals and QAFP professionals to avoid conflicts of interest arising from acting as an estate trustee or power of attorney or being a beneficiary
  • A new Practice Standard about steps planners should take when the financial planning engagement includes the requirement to engage in ongoing monitoring and review
  • Updates throughout the Practice Standards, to ensure currency to practice, continued relevance and clarity

Read the Standards of Professional Responsibility.

 

FP Canada Standards Council Standards of Professional Responsibility

Set and enforced by the FP Canada Standards Council, the Standards of Professional Responsibility  define the ethical and professional responsibilities of CFP professionals and QAFP professionals. 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.

 

Previous Versions

The current version of the Standards of Professional Responsibility took effect on June 1, 2024. Any complaints alleging misconduct by a current FP Canada certificant prior to June 1, 2024, will be governed by previous versions of the Standards of Professional Responsibility.














April 2005 to December 2009
CFP Code of Ethics

June 2000 to March 2005
Code of Ethics

 

FP Canada Standards Council Disciplinary Rules and Procedures

The FP Canada Standards Council Disciplinary Rules and 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.


 

FP Canada Standards Council Disciplinary Rules and Procedures for Examination Misconduct

The FP Canada Standards Council Disciplinary Rules and Procedures for Examination Misconduct guides how the Standards Council conducts investigations and hearings relating to misconduct on FP Canada Certification Examinations.