The Consultation Summary Report (Report) summarizes the comments received from the public consultation on the proposed fee structure for the Financial Planner/Financial Advisor (FP/FA) title protection framework and FSRA’s responses to those comments.

FSRA would like to thank all of the stakeholders who invested the time and effort to engage with FSRA during the consultation process.


FSRA posted proposed amendments to Rule 2019-001 – Fees and Assessments (FSRA Fee Rule) for a 90-day public consultation from July 22 to October 20, 2021. The amendments set out FSRA’s proposed approach to fees and assessments for the FP/FA title protection framework.

Stakeholder feedback

FSRA received 13 written submissions and 1 question during the consultation. 

The majority of stakeholders supported FSRA’s overall principles for designing the fee structure. However, there was mixed support for the approach taken to allocate costs among credentialing bodies (CBs).

A full list of stakeholders who commented on the proposed fee structure is provided in Appendix A.

Summary of responses

Appendix A – list of commenters

Outlined below is a list of stakeholders that provided written comments for the public consultation on the proposed fee structure for the FP/FA title protection framework that ran from July 22 to October 20, 2021.

Industry/trade associations

Canadian Bankers Association
Canadian Credit Union Association
Canadian Life and Health Insurance Association 
Investment Industry Association of Canada / Federation of Mutual Fund Dealers

Professional/designation bodies and education providers

Canadian Institute of Financial Planning
Canadian Securities Institute
FP Canada
Institute of Advanced Financial Planners

Financial services providers

IG Wealth Management 
Investment Planning Counsel Inc.

Self-regulatory organizations

Mutual Fund Dealers Association of Canada

Other submissions

Life Trust Planning