Certified Financial Planner Board of Standards Inc. - 2010 Continuing Education Policy Updates

Continuing Education Sponsors

2010 Continuing Education Policy Updates

On September 21, 2009, CFP Board announced upcoming changes to its continuing education policies. CFP Board recently reviewed its continuing education policies and determined to make several changes in an effort to best meet the needs of our growing sponsor registry, to ensure the ongoing widespread availability of quality continuing education options for CFP® certificants, and to maintain the rigorous standards CFP Board has established for the CFP® certification.

The following is a brief overview of some changes that will go into effect January 1, 2010:

CE Sponsor registration with CFP Board will be required on an annual, calendar year basis.
CE programs offered by registered CE Sponsors will be registered with CFP Board on an annual, calendar year basis, with program application fees determined by the length of each individual program (number of hours).
CFP Board will discontinue the “Web link” option and associated fee for CE Sponsors who wished to have their Web site appear as a link on CFP Board’s listings of CE Sponsors; CFP Board’s Web site will hold links for all sponsors who provide valid Web site addresses.

2010 CE Sponsor Fee Schedule

The 2010 CE policy changes adjust the registration processes and fees associated with Continuing Education Sponsors and Programs. The new fee schedule is outlined below with comparison to the previous fee schedule. All fees are nonrefundable.

Program / Function

2010
Fee

2009
Fee

Fee Type

Fee Timeline / Cycle

Annual Sponsor Registration Fee			CE Sponsor Fee	Annual / Calendar Year
For Profit	$200	$100
Non Profit	$100	$100		(Sponsors who registered with CFP Board in 2009 will not be asked to re-register for 2010)

Annual CFP Board Ethics Sponsor Registration Fee			CE Sponsor Fee	Annual / Calendar Year
For Profit	$200	$0
Non Profit	$100	$0		(Sponsors who provide CFP Board Ethics Programs and who registered with CFP Board in 2009 will not be asked to re-register as CFP Board Ethics Sponsors for 2010)

Annual Program Application Fee			Program Fee	Annual / Calendar Year
For Profit	$25/Hr	$50
Non Profit	$10/Hr	$50
Non Profit (Free Program)	$10/Hr	$0		(Programs registered with CFP Board in 2008 or 2009 will be considered “active” through December 31, 2010)

Annual CFP Board Ethics Program Application Fee			Program Fee	Annual / Calendar Year
For Profit	$25/Hr	$50
Non Profit	$10/Hr	$50
Non Profit (Free Program)	$10/Hr	$0		(Programs registered with CFP Board in 2008 or 2009 will be considered “active” through December 31, 2010)

Conference Application Fee

$50

Program Fee

Not Applicable–Programs delivered at Conferences are registered individually like any other Program

Program Application Late Fee

$75

Processing
Fee

Ongoing–Applies when Program application is submitted after initial Program presentation date

Manual Reporting (Hard Copy) Fee

$25

Processing
Fee

Ongoing–Applies to Sponsor and Program applications submitted in hard copy

Web Link to Sponsor Site

$50

Not Applicable

Not Applicable–CFP Board’s Web site listing of CE Sponsors will hold links for all active Sponsors who provide valid Web site addresses

Download the 2010 CE Sponsor Fee Schedule >

To facilitate implementation of these changes, 2010 will be a transitional year:

Any CE Sponsor which signed a CE Sponsor agreement to register with CFP Board in 2009 will not be asked to re-register for 2010.
All CE programs accepted in 2008 or 2009 will be considered “active” through December 31, 2010.

CE Policy Updates Webinar

CFP Board held a free Webinar on Friday, October 23, 2009 from 1:00 – 2:30 p.m. (Eastern Time) to address questions about the upcoming CE policy changes. A recording of the Webinar is now available and can be viewed on CFP Board's YouTube channel.

View the Webinar recording on YouTube >

Questions?

CFP Board looks forward to working with CE Sponsors to provide the highest quality continuing education for CFP® certificants. If you have questions about the continuing education policy changes, please contact Vanessa Williamson, CAE, continuing education manager, at vwilliamson@CFPBoard.org.

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