Updated Procedural Rules, Effective September 1, 2023
On May 16, 2023, CFP Board announced the adoption of revised Procedural Rules , which will take effect on September 1, 2023. The Procedural Rules outline processes for investigating alleged misconduct and enforcing CFP Board’s Code of Ethics and Standards of Conduct in a manner designed to be fair to those whose conduct is being evaluated as well as credible to the public.
Among other things, the revised Procedural Rules will transfer some administrative functions from the Enforcement department to the Adjudication department, expand the role of Disciplinary and Ethics Commission (DEC) Counsel to make the adjudication process more efficient, eliminate settlement counteroffers, enable pre-investigation outreach and establish a process for admitting expert testimony.
CFP Board released proposed revisions to the Procedural Rules for public comment in November 2022. After carefully considering the comments received in response to CFP Board’s request for public comments, CFP Board made several changes to the draft version that was released for public comment.
Read the revised Procedural Rules >
Review a redlined copy of the revised Procedural Rules >