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 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 in January 2020. Any complaints alleging misconduct by a current FP Canada certificant prior to January 2020, will be governed by previous versions of the
Standards of Professional Responsibility.
FP Canada Standards Council Disciplinary Rules and Procedures
Notice: This updated version of the
Disciplinary Rules and Procedures (DRP) is effective
September 1, 2020. Key changes include:
- Statements of Allegations (statements setting out the particular misconduct alleged by the Standards Council) will now be publicized on FP Canada’s website within five business days of being filed (see Article 5.1)
- The hearing formats available have been expanded to include telephone and video conference hearings in addition to in-person or in writing (see Articles 6.1 and 9.4). The preferred format for hearings is in writing (see Article 6.1)
- For disciplinary proceedings where the Hearing Panel releases a decision after September 1, 2020, the full decision and reasons will be publicized on FP Canada’s website, along with a Summary (see Article 10)
As these are only a few of the changes to the DRP, we encourage you to review the full document.
The DRP 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
Notice: This updated version of the
Disciplinary Rules and Procedures for Examination Misconduct (DPEM) is effective September 1, 2020. Key changes include:
- The Conduct Review Panel to review investigation reports and determine how each matter should proceed (see Articles 4.5)
- The hearing formats available have been expanded to include telephone and video conference in addition to in-person or in writing (see Article 5.4). The preferred format for hearings, including appeal hearings, is in writing (see Articles
5.4 and 6.4)
- For disciplinary decisions released after September 1, 2020, anonymized summaries of decisions will be publicized on FP Canada’s website (see Article 10)
As these are only a few of the changes to the DPEM, we encourage you to review the full document.
The DPEM guides how the Standards Council conducts investigations and hearings relating to misconduct on FP Canada Certification Examinations.