Engaging Regulators and Legislators Globally and Nationally
As the preeminent professional standards-setting authority for financial planning, FPSB welcomes enforcement of appropriate standards for financial advice and the financial planning profession, and believes that regulators, legislators and governments should recognize financial planning as a distinct, professional practice. FPSB also believes that financial planning should be regulated in a manner consistent with established professions, such as medicine, law and accounting.
FPSB is an affiliate member of the International Organization of Securities Commissions (IOSCO), and works with its network of member organizations at the national and regional levels to champion the interests of consumers and providers of financial planning advice. FPSB and its member organizations engage with regulators, legislators and governments to have them recognize that financial planning is still an emerging professional practice around the world. Any regulatory or oversight models that are developed need to ensure the opportunity for growth of, and innovation within, the sector to better serve the public’s needs.