For the DRP – which guides how the Standards Council handles investigations into conduct that may violate ethical and business responsibilities – the changes mean that the original motion decisions (which pertain to interim steps in disciplinary hearings) are no longer in FP Canada website and potentially elsewhere.
There is also an enhanced process for decisions made about ‘extraordinary circumstances’ where the hearing panel is about to publish details of an ongoing investigation and/or suspend the certification of a financial planning professional pending the outcome of an investigation or related disciplinary action. Makes rules.
public and commercial interest
“FP Canada Standards Council is committed to ensuring that the policies and procedures that govern our complaint handling, investigation and enforcement processes are fair, transparent, effective, and they reflect the interests of the public, the financial planning profession and personal certifications. Consider,” says Damien LeBrun-Reid, executive director of Standards and Certification and head of the FP Canada Standards Council. “Regular reviews and updates of these rules help to keep them relevant and current for the benefit of all stakeholders.”
Where possible, changes made in the DRP will also be incorporated in the DPEM.
The current version of the Standards for Professional Responsibility took effect in July 2021 and any complaint alleging misconduct by an existing FP Canada certificate before that will be handled by previous versions of the rules.
