The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to enhance consumer and investor confidence by introducing a framework that requires Financial Planner (FP) and/or Financial Advisor (FA) title users to meet minimum education standards, ensure they are actively supervised and subject to a complaints – discipline process.
Today, FSRA is releasing two FP/FA-related guidances:
The Application Guidance explains the application process for credentialing bodies who will be responsible granting FP and/or FA credentials.
The guidance was finalized following multiple consultations with members of the public and industry representatives. FSRA thanks all stakeholders for taking the time to participate and provide valuable input.