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. A CFP or complainant's, 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 >>