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.

 


Notice: This updated version of the Standards of Professional Responsibility is effective May 1, 2022. Key changes include:

  • Under Rule 7 of the Rules of Conduct, all disclosures to clients must now be made in writing.
  • Rule 13 has been updated to state that certificants must fulfill their professional responsibilities in a manner that is not only timely and thorough, but accessible and understandable, to clients.
  • A new fitness standard has been added, allowing FP Canada to consider whether an individual should become—or remain—certified if they were denied registration of a professional license or credential by another regulator (unless the denial was administrative in nature).
  • The term “client” has been defined more broadly to ensure that all individuals who receive financial planning services, advice, or recommendations from a certificant are afforded the protections of a client.

As these are only a few of the changes to the Standards of Professional Responsibility, we encourage you to review the full document.

Previous Versions

The current version of the Standards of Professional Responsibility took effect in May 1, 2022. Any complaints alleging misconduct by a current FP Canada certificant prior to May 1, 2022, 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 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

The DPEM guides how the Standards Council conducts investigations and hearings relating to misconduct on FP Canada Certification Examinations.