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Professional Responsibility CE Requirements

 

The Professional Responsibility requirement is designed to support and enhance your understanding of your professional duties and to provide approaches for identifying and addressing common ethical dilemmas and challenges that you may face.

A strong professional standard, including universal adherence to a code of ethics, rules of conduct and practice standards, is the hallmark of any profession. This ongoing requirement, that certificants attest to annually, benefits both practitioners and consumers. Solid understanding of your ethical and professional obligations will enhance your client relationships and build trust. Your professionalism is an essential element of your commitment to clients that their interests are being served ethically, competently and diligently. 

Qualifying Continuing Education (CE) requires the application of the principles and rules in the Standards of Professional Responsibility for CFP® Professionals and FPSC Level 1® Certificants in Financial Planning (Standards of Professional Responsibility) to scenarios or examples of ethical dilemmas that financial planners encounter. Qualifying CE must include direct application of the Standards of Professional Responsibility. CE activities that focus on direct knowledge or rote recall of the Standards of Professional Responsibility without demonstrated understanding and application will not qualify. 

Examples:

Qualifying –    

  • In-person workshop where participants review examples of ethical dilemmas that financial planners may encounter and how the Standards of Professional Responsibility may apply.
  • Online, self-directed course where learners are asked to review examples of ethical dilemmas that financial planners may encounter and are asked to contemplate, through interactive online activities or assessment, how the Standards of Professional Responsibility may apply.

Non-qualifying –

  • In-person workshop that provides an update on the regulatory environment and outlines mutual fund and securities regulation for advisors, but does not apply the Standards of Professional Responsibility to examples or scenarios of ethical dilemmas.
  • Online, self-directed course that presents and explains the Standards of Professional Responsibility but does not apply the principles or rules to examples or scenarios of ethical dilemmas that financial planners may encounter.

FAQ: Professional Responsibility CE Requirement 

If you have a question that has not been answered above, please contact us at inform@fpsc.ca, 416-593-8587 or 1-800-305-9886.