In March 2022, FSRA’s Financial Professionals Title Protection Rule (FPTP Rule) was approved by Ontario’s Minister of Finance as part of the framework under the FPTPA, and will come into effect on March 28, 2022.

The FPTP Rule will set minimum education, examination, conduct, and oversight standards for the use of the FP and FA titles in Ontario. The Rule will provide consumers and investors with added confidence when dealing with FP/FA title users who will be subject to minimum education and supervision by an approved credentialing body (CB).

FSRA’s role is to:

• approve and oversee CBs to ensure they have policies and procedures for the effective administration of a credentialing program, including oversight of credential holders
• ensure that individuals using the FP/FA titles in the province hold an approved credential from a FSRA-approved CB
• take enforcement action(s) against those who violate the FPTPA, including:
  • individuals who use of the FP/FA titles, or a title that is similar to FP/FA, without an approved credential. 
  • approved CBs that do not comply with the FPTPA, the FPTP Rule or any terms and conditions associated with FSRA’s approval.
  • entities that falsely represent themselves as an approved CB and/or offer approved FP/FA credentials without FSRA’s approval.

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Hear what the Honorable Peter Bethlenfalvy, Finance Minister of Ontario, has to say about title protection from his keynote speech at FSRA’s first annual Exchange event, held on January 27, 2022.