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Enforcement

Comment on Proposed Revisions to Procedural Rules: Establishing an Appeals Commission

CFP Board is accepting comments on a proposed amendment to its Procedural Rules to establish a new Appeals Commission. Comments are being accepted from November 11 – December 14, 2021.

CFP Board has issued for public comment a proposed amendment to its Procedural Rules that would create a new Appeals Commission to adjudicate appeal hearings. These hearings are currently adjudicated by the Board’s Code and Standards Enforcement Committee, which oversees CFP Board’s enforcement processes. If the proposed changes are adopted, the new Appeals Commission would have authority to issue CFP Board’s final decision when an individual appeals a final order of the Disciplinary and Ethics Commission (DEC) or an Administrative Order.

The proposal would establish an Appeals Commission comprising five members who currently do not sit on the Board. Members may include former Board directors, former DEC members, public members, individuals with regulatory experience, and CFP® professionals representing various business and compensation models.

This proposal is intended to help ensure that appeals continue to be adjudicated fairly, while allowing the Board of Directors to remain focused on organizational strategy, policymaking and monitoring of CFP Board’s enforcement processes.

Review a redlined version of the proposed revisions to the Procedural Rules


Submit a Comment

Submit your comment through the form below. All comments submitted to CFP Board on or before December 14, 2021, will be posted here on the CFP.net website with the name of the commenter and date submitted. Comments will be posted at least weekly.

View The Submitted Comments