Sector: Financial Planners and Financial Advisors

FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.

The Financial Professionals Title Protection (FPTP) Rule was approved by the Minister of Finance on March 10, 2022. The FPTP Rule, and related guidance, came into effect when the Financial Professionals Title Protection Act, 2019 and related amendments to the Financial Services Regulatory Authority of Ontario Act, 2016 were proclaimed into force on March 28, 2022.

Under the FPTP Rule, individuals using the Financial Planner or Financial Advisor title will need to hold an approved credential from a FSRA-approved credentialing body, will be required to meet minimum standards of education, and abide by a code of conduct. This will help promote consistency, professionalism, and confidence among those using the titles.

The following is a timeline of the FPTP Rule public consultation process, and the related documents published as per legislative requirements under the FSRA Act.