Three independent panels play a direct role in setting, maintaining and enforcing the standards of the profession. The panels include CFP® professionals and members of the public. Their diverse members reflect a broad range of practice experience and come from across Canada.
Certification requirements are a critical part of establishing professional standards. To obtain and maintain certification as a QAFP professional or CFP professional, candidates must:
The FP Canada Standards Council Disciplinary Rules and Procedures for Examination Misconduct apply to cases of exam or exam-related misconduct by candidates.
Random audits ensure compliance with these CE requirements. QAFP professionals and CFP professionals who do not meet them may be denied renewal of their certification.
The FP Canada Standards Council™ Disciplinary Rules and Procedures (DRP) guide how the Standards Council conducts initial reviews and investigations into complaints involving QAFP professionals and CFP professionals.
The Standards Council reviews complaints concerning:
1. Intake and Initial Review
Standards Council staff review all complaints received. They can close complaints with or without a staff caution, or the Head of the Standards Council can escalate them to investigations. Not every complaint proceeds to a formal investigation, and many are closed or resolved at this stage.
If the Head of the Standards Council determines that there are grounds for an investigation, the QAFP professional or CFP professional named in the complaint is notified. At the end of the investigation, the results are presented to the Conduct review Panel.
If the Head of the Standards Council determines that there are grounds for an investigation, the QAFP professional or CFP professional named in the complaint is notified. At the end of the investigation, the results are presented to the Conduct review Panel
3. Conduct Review Panel
At this stage, complaints can be
Sanctions range from an admonishment or a remedial action plan, to temporary suspension or permanent revocation of certification and the right to use the Certification Marks.
View Current and Completed Disciplinary Hearings →