Second Exposure Draft of Proposed Revisions to CFP Board's Ethical Standards

On March 9, 2007, the Board of Directors of Certified Financial Planner Board of Standards, Inc. (CFP Board) released a Second Exposure Draft of proposed revisions to CFP Board's Standards of Professional Conduct for a 45-day public comment period that ended April 25, 2007. The Second Exposure Draft was released at a meeting in Denver and broadcast live through an online Webcast.

The Second Exposure Draft and related materials are available below for download and review.

In 2005, the Board of Directors began a review of CFP Board's ethics-related functions. CFP Board released an initial Exposure Draft of proposed revisions to its ethical standards in July 2006 and received more than 300 responses to that draft. The Board of Directors has incorporated suggestions from many of those comments in the Second Exposure Draft.

The Board of Directors reviewed the comments at its meeting in May 2007 and voted to adopt an updated Standards of Professional Conduct with an effective date of July 1, 2008.

Second Exposure Draft and Related Documents:

Second Exposure Draft Overview (56 KB PDF file)

Second Exposure Draft (142 KB PDF file)

Current Code and Standards (446 KB PDF file)

Side-by-Side Comparison of Terminology (52 KB PDF file)

Side-by-Side Comparison of Principles (49 KB PDF file)

Side-by-Side Comparison of Rules (91 KB PDF file)

Side-by-Side Comparison of Financial Planning Practice Standards and Proposed Rules (49 KB PDF file)