FCNB – Publication of proposed Financial and Consumer Services Commission Rule TPA-001 General and Rule TPA-002 Fees under the Financial Advisors and Financial Planners Title Protection Act

FCNB – Publication of proposed Financial and Consumer Services Commission Rule TPA-001 General and Rule TPA-002 Fees under the Financial Advisors and Financial Planners Title Protection Act

Download PDF:

FCNB – Publication of proposed Financial and Consumer Services Commission Rule TPA-001 General and Rule TPA-002 Fees under the Financial Advisors and Financial Planners Title Protection Act

Letter Summary:

The Financial and Consumer Services Commission is seeking comment from the public on the two Proposed Rules to accompany the Financial Advisors and Financial Planners Title Protection Act. 

The purpose of the Financial Advisors and Financial Planners Title Protection Act (the “Act”) is to ensure that professionals using the titles financial advisor or financial planner hold minimum educational standards to be credentialed. 

It is proposed that the framework of the Act will be supported by two rules: Rule TPA-001 General which sets out the criteria for credentialing bodies and their credentials to be approved, and Rule TPA-002 Fees which sets out the fees to be paid to the Commission under the framework.  

Overview of the Council’s Comments: