Disciplinary Rules and Procedures

The Disciplinary Rules and Procedures guide how FPSC conducts investigations and hearings regarding actions by CFP^® professionals that may represent a breach of the CFP Code of Ethics. FPSC provides this document as a resource for both an individual who is lodging a complaint about a CFP professional and the CFP professional against whom the complaint is made. The independent Director, Ethics, legal counsel, and independent Hearing Panel all use this document to ensure that fair and consistent process is followed with each complaint.

At a recent meeting of the Enforcement Policy Committee (EPC) a number of clarifications to the Disciplinary Rules and Procedures (DRP) were approved.  An updated version of the DRP December, 2009 is now available online.

Note in particular, the following changes:

• The term CFP Professional has been changed to FPSC Registrant to incorporate the new Registered Candidate status which will be effective July 1, 2010;
• If the conduct of a FPSC Registrant raises concern, Letters of Caution can be issued, where it has been determined that the full disciplinary process is not warranted;
• A provision has been added requiring all investigations be conducted as expeditiously as possible, and at the same time certain specified timelines have been expanded or removed;
• The name of the Ethics and Practice Committee has been changed to Enforcement Policy Committee to more accurately reflect its function; and
• The review by a Hearing Panel of Settlement Agreements and the resulting action it may take has been clarified.

View Disciplinary Rules and Procedures >>