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On completion of the education, examination, and
experience requirements, the candidate applying for CFPCM Certification has to sign ethics declaration. Prior to
certification, the candidates will be required to disclose past or pending
litigation or agency proceedings, and to acknowledge the right of FPSB India to
enforce its Professional Standards through its Disciplinary Rules and
Procedures. By fulfilling this requirement, the candidate demonstrates to the
public that he/she has agreed to provide personal Financial Planning in the
client's best interest and to act in accordance with the highest ethical and
professional standards for the practice of Financial Planning. The Ethics &
Professional Standards are enforced by FPSB India’s Board of Professional
Review.
FPSB India adopted the Code of Ethics to establish
the highest principles and standards. These Principles are general statements
expressing the ethical and professional ideals Certificants are expected to
display in their professional activities. As such, the Principles are
aspirational in character and provide a source of guidance for Certificants.
The Principles form the basis of FPSB India's Rules of Conduct , Practice
Guidelines and Disciplinary Rules and these together reflect FPSB India's
recognition of Certificants' responsibilities to the public, clients,
colleagues and employers.
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The Rules of Conduct establish the high standards
expected of Certificants and describe the level of professionalism required of
Certificants. The Rules of Conduct are binding on all Certificants, regardless
of their title, position, type of employment or method of compensation, and
they govern all those who have the right to use the CFPCM marks, whether or not
those marks are actually used. The universe of activities engaged in by a
Certificant is diverse, and a Certificant may perform all, some or none of the
typical services provided by Financial Planning professionals. Some Rules may
not be applicable to a Certificant's specific activity. As a result, when
considering the , the Certificant must determine whether a specific Rule is
applicable to those services. A Certificant will be deemed to be in compliance
with these Rules if that Certificant can demonstrate that his or her employer
completed the required action.
Violations of the Rules of Conduct may subject a
Certificant to discipline. Because FPSB India is a certifying and standards
setting body for those individuals who have met and continue to meet FPSB
India's initial and ongoing certification requirements, discipline extends to
the rights of Certificants to use the CFPCM marks. Thus, the Rules are not
designed to be a basis for legal liability to any third party.
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The Practice Guidelines describe best practices of
Financial Planning professionals providing professional services related to the
six elements of the Financial Planning process. Each Standard is a statement
relating to an element of the Financial Planning process, followed by an
explanation of the Standard and its relationship to the Code of Ethics and
Rules of Conduct . FPSB India in accordance with global standards developed the
Practice Guidelines to advance professionalism in Financial Planning and
enhance the value of the Financial Planning process, for the ultimate benefit
of consumers of Financial Planning services.
The Disciplinary Rules describe the procedures
followed by FPSB India in enforcing the Rules of Conduct. The Disciplinary
Rules provide a fair process pursuant to which Certificants are given notice of
potential violations and an opportunity to be heard by Board of Professional
Review.
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