News & Press: Financial Planning News

CFP Board to Seek Additional Comments on Proposed Revised Standards

Monday, November 20, 2017  
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Second Draft of Proposed Revised Standards Will Be Released for 30-Day Public Comment Period, from January 2 - February 2, 2018

The CFP Board announced plans to issue for public comment a second draft of proposed revisions to the Code of Ethics and Standards of Conduct, which set forth the ethical standards for CFP® professionals.

The second comment period will last 30 days, beginning on Tuesday, January 2, 2018 and ending on Friday, February 2, 2018.

A revised version of the proposed Code and Standards will be released before the end of 2017. An annotated version and side-by-side comparison document also will be issued at that time. CFP Board will send you a notice when the draft revisions are available for review and comment.

The Board of Directors made the decision at its November meeting after reviewing input provided on the original draft that was issued on June 20. More than 1,300 public comments were submitted to CFP Board during the initial comment period, which ran from June 20 to August 21, 2017.

"CFP Board's Standards are the foundation of the CFP® certification and the cornerstone of the financial planning profession. As such, they need to evolve with an ever-changing financial services marketplace," said Board of Directors Chair Blaine Aikin, CFP®. "This additional feedback will further increase the value and relevance of the CFP® certification – for those who hold the mark and the consumers who rely on CFP® professionals to provide ethical and competent financial advice."

The Board of Directors also announced that it intends to issue the final Code and Standards before the end of the first quarter of 2018. Pending the outcome of the second comment period, CFP Board intends for the final Code and Standards to have an effective date of January 1, 2019.


Read the full news release.




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