SET
The Standards Council establishes financial planning standards
These Standards are regularly updated so that they remain relevant, protect the public interest and support professional planners to understand their obligations.
The Standards Council sets the certification requirements for QAFP professionals and CFP Professionals
Certification requirements are a critical part of establishing professional standards. To obtain and maintain certification individuals must:
- Complete a comprehensive education program
- Pass a certification exam
- Demonstrate relevant work experience
- Adhere to a strict Code of Ethics as well as Rules of Conduct, Fitness Standards and Practice Standards
- Commit to annual continuing education
The Standards Council regularly reviews the certification requirements to ensure they remain relevant to the practice of financial planning and the expectations of Canadians.
The Standards Council develops and delivers certification exams
Passing an FP Canada exam is required to gain certification. The Standards Council’s two independent Exam Panels ensure that:
- The exams assess the competence of candidates for certification
- Candidates who are qualified receive a passing score and candidates who are not qualified receive a failing score
The FP Canada Standards Council Disciplinary Rules and Procedures for Examination Misconduct apply to cases of exam or exam-related misconduct by candidates.