CFP professionals may move from one territory to another or may work in multiple territories. FPSB has created a tool to facilitate information on how a CFP professional in one territory may transfer certification to another territory, or become eligible for CFP certification in multiple territories.

Learn the base requirements for transferring or obtaining CFP certification in a different territory using the tool below.

Australia

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be partially accepted

Two courses across two semesters totaling ~23 weeks covering all topics of financial planning. Courses taught in English.

Work Experience

This will be accepted

Letter of good-standing from home territory.

Financial Plan

This will be accepted

Provide certificate copy of degree.

Exam

This will not be accepted

Length of exam: 4 hours
Language: English
Format: Multiple Choice, Open Book

Ethics and Fitness

This will be accepted

Candidates are required to undertake the CFP 1 unit. Details of this unit can be found on pages 14 – 16 of the CFP® Certification Program Handbook.

Certification

This will be accepted

Ongoing Competency (CPD)

This will not be accepted

Require all CPD (40 hours per year) to be completed in current territory.

More details of the CPD requirements can be found on page 4 of the.FPA CPD Policy February 2019.

Re-certification

This will be accepted

Public Contact

Email: education@fpa.com.au Phone: 1300 337 301

China

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be partially accepted

The education program provides 5-day (30 hr) training courses with specifics as follows:

Topics:
CFP System and Financial Planning, Legal System of Mainland China (3 hrs); Overview of Mainland China’s Financial Markets (3 hrs); Employee Benefit and Retirement Planning of Mainland China (9hrs); Overview of China’s Tax Structure (9hrs); Insurance Law and Regulatory Environment of Mainland China (3 hrs)

All courses are instructed in Chinese.

Work Experience

This will be accepted

Letter of good-standing from home territory and to upload information of his/her work experience to FPSB China’s database.

Financial Plan

This will not be accepted

The candidate will finish financial plan in the examination in Chinese which related to local law and regulation.

Exam

This will not be accepted

The length of the exam is 3.5 hours, and the exam covers education courses listed above in Chinese.

Ethics and Fitness

This will be accepted

Certification

This will be accepted

Ongoing Competency (CPD)

This will not be accepted

For each cross-border certificants, he/she will finish 30 CPD credit hours within 2 years, the same as required for local certificants.

Re-certification

This will be accepted

Public Contact

Head of Certification Dept.: Ms. Xiaozhen Cai , xiaozhen.cai@fpsbchina.cn She is responsible for handling the application of cross-border certification, but due to her limited English communication, per her request could you add Qiang Li or me as the co-contact so that the sender could cc the email to us as well.

Chinese Taipei

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be partially accepted

Require completion of some Portion of Current Territory Education (In Chinese language, 100% of Global Education, but require knowledge specific to Current Territory).

Work Experience

This will be accepted

Financial Plan

This will not be accepted

Exam

This will not be accepted

In Chinese language.

Ethics and Fitness

This will be accepted

Certification

This will be accepted

Requirements are in Chinese language.

Ongoing Competency (CPD)

This will be accepted

Accept All Previous Territory CPD

Re-certification

This will be accepted

In Chinese language.

Public Contact

Katherine Jou, International Communication and Marketing Coordinator Email: katherine.jou@fpat.org.tw

Hong Kong

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be accepted

Work Experience

This will be accepted

This Affiliate requires a letter of good-standing from home territory.

Financial Plan

This will be accepted

Exam

This will be partially accepted

The examination duration is 3 hours and is available in 3 languages, including English, Traditional Chinese and Simplified Chinese.

Ethics and Fitness

This will be accepted

Certification

This will be accepted

Ongoing Competency (CPD)

This will be partially accepted

This Affiliate requires CFP professionals to complete 15 hours every year, including 2 hours on compliance or ethics. There is no territorial requirement on the continuing education credits. However the topics must be in accordance with the the Hong Kong Affiliate’s (IFPHK)  renewal policies.

Re-certification

This will be accepted

Public Contact

crossborder@ifphk.org

Indonesia

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be partially accepted

Courses (16 hours): Tax and regulation; Retirement Program; Investment Regulation; Insurance Regulation and inheritance law

Language: Indonesian

Work Experience

This will be accepted

Letter of good-standing from home territory.

Financial Plan

This will be accepted

Exam

This will be partially accepted

Exam is 4 hours for all education requirements and in Indonesian Language.

Ethics and Fitness

This will be accepted

Certification

This will be accepted

Ongoing Competency (CPD)

This will be accepted

Accept all previous territory CPD.

Re-certification

This will be accepted

Public Contact

Muhamad Ichsan, CFP, CEO m.ichsan@fpsbindonesia.net

Japan

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will not be accepted

Complete a certification program that is offered by JAFP registered educational institutions.
Be able to choose in-class learning or distance learning.
Every course is provided In Japanese.
*The Financial Planning Recommendations shall be written in Japanese and in accordance with Japanese law and regulations. After completing a certification program, you have to obtain an AFP certification with the requirements of 15 continuing education credits every two years.

Work Experience

This will be accepted

No need to submit letter of good-standing.

Financial Plan

This will not be accepted

JAFP dosen’t have any capstone course. Financial Plan is required in the certification program in Education area.

Exam

This will not be accepted

Pass the CFP® certification examinations that consist of 6 subjects (serial exam).

Each examination is two hours long, and three subjects are tested each day for two days.

Examinations may be taken one subject at a time.

Every exam is conducted in Japanese.

Ethics and Fitness

This will be accepted

A candidate is required to sign a declaration to abide by the Code of Ethics for CFP® certificants and the JAFP Ethical Principles prior to the CFP® certification being issued, and again at the time of the renewal which is every two years.

Certification

This will be accepted

Ongoing Competency (CPD)

This will be partially accepted

CPD may be accepted only if they meet JAFP requirements. Require to complete 30 credit hours consisting of more than three subjects including two-credit hours in the area of “Professional Practice and Ethics” every two years.

The topics shall be based on the “Study Guide” that is established by JAFP.

Re-certification

This will be accepted

Public Contact

info@jafp.or.jp

Korea

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be accepted

Work Experience

This will be accepted

A certificate of work experience is required.

Financial Plan

This will not be accepted

Instead of submitting a financial plan, we require candidates to pass a type of written test with multiple choice questions (Financial Planning Case Study Exam).

Exam

This will be partially accepted

  • 4.5 hours (Second day of regular exam)
  • Case scenario-type items (Total 80 items-Simple, Complex and Comprehensive cases)
  • In Korean language only

Ethics and Fitness

This will be accepted

Complete “Declaration and Agreement for Cross-Border CFP certification”.

Certification

This will be accepted

Ongoing Competency (CPD)

This will be accepted

  • Accept all previous territory CPD
  • 30 CPD hours every two years

Re-certification

This will be accepted

Public Contact

info@fpsbkorea.org

Malaysia

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be accepted

The Malaysia Affiliate requires completion of their current territory assessment on local content.

Work Experience

This will be accepted

The Malaysia Affiliate accepts work experience,  subject to review by board of certification requirement and with a letter of good-standing from the home territory.

Financial Plan

This will be accepted

Exam

This will be partially accepted

The Malaysia Affiliate requires a 3 hour cross-border assessment in English. This will consist of  75 questions and in a span of 3 hours.

Ethics and Fitness

This will be accepted

Certification

This will be accepted

Ongoing Competency (CPD)

This will be accepted

The Malaysia Affiliate (FPAM) accepts Continuing Professional Development (CPD) as follows:

  1. FPAM Members based in FPSB territories, accept all CPD in the country they are based if conducted by FPSB affiliate members.
  2. FPAM Members based in Malaysia: FPAM recognize any affiliate members’ conferences they attended for local CE fulfillment.

Re-certification

This will be accepted

Public Contact

Next step: contact the Exam, Education & Renewals Department of the Malaysia Affiliate (FPAM) at EER@fpam.org.my for more information and the CFP certification application process.

New Zealand

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be partially accepted

Course: Estate and Tax Planning.

NZ may recognize up to 100% of Previous Territory Education based on assessment of qualifications held compared to the NZ standard.

Work Experience

This will be accepted

New Zealand requires three years experience as a Financial Adviser (overseas or in NZ).

Plus one year Supervised Experience by a NZ CFPCM Professional of three years standing or more, with the submission of Supervised Experience Report to the NZ Certification Committee, OR the submission of a Portfolio of Experience covering the previous three years covering all six area of Financial Planning subject to NZ Certification Committee assessment.

Financial Plan

This will not be accepted

New Zealand requires Current Territory Financial Plan Assessment.

Exam

This will be accepted

New Zealand currently does NOT have an examination component for assessment to certification.

Ethics and Fitness

This will be accepted

Certification

This will be accepted

Ongoing Competency (CPD)

This will be accepted

New Zealand accepts all Previous Territory CPD subject to documented verification and supporting documentation.

Re-certification

This will be accepted

Complete all requirements for recertification in Current Territory, but will accept on-going competency (CPD) if gained in another Territory.

Public Contact

Andrew Gunn - andrewg@financialadvice.nz

Singapore

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be partially accepted

(a) A min. of formal education from the respective territories that is equivalent to Singapore Cambridge GCE A level (12 years of education) and conducted in English OR
(b) Relevant undergraduate studies from a recognize tertiary institutions and conducted in English

Work Experience

This will be accepted

(a) 3 years of relevant experience OR (b) a letter of good-standing from another CFP member who has awarded the designation and has been paying his/her certification fees promptly for more than 5 years.

Financial Plan

This will not be accepted

Currently, they are required to prepare a financial plan in English according to Singapore law and regulations. We do not require the current territory financial plan assessment.

Exam

This will be partially accepted

They are required to pass Module 3 (Estate & Tax Planning), Module 5 (Retirement Planning) and Module 6 (Financial Plan Construction & Professional Responsibilities) in English. Module 3 and 5 is a 3-hr MCQ exam that comprises of 95 Questions (Questions 90 to 95 carries 2 marks each). Module 6 is a 3-hr exam to construct a financial plan based on a Case Study.

Ethics and Fitness

This will be accepted

Certification

This will be accepted

Ongoing Competency (CPD)

This will be accepted

Accept All Previous Territory CPD.

Re-certification

This will be accepted

Public Contact

Certification@fpas.org.sg

Thailand

What do I need to do to be certified as a CFP professional?

Additional Requirement Details

Education

This will be accepted

Work Experience

This will be accepted

Require letter of good-standing. confirming the CFP professional’s date of initial certification, certification identification number, the pathway to the CFP certification examination confirming that the candidate passed the CFP certification examination in the Home territory, contact information and disciplinary history.

Financial Plan

This will be accepted

Exam

This will be partially accepted

The candidate is required to complete the Cross-Border examination designed to assess the candidate’s knowledge and understanding on Thailand local laws and regulations in relation to financial planning practice in Thailand. However, currently no Cross-Border examination paper has been developed. The format of examination could be a comprehensive financial plan in English language designed to attest the candidate’s knowledge and understanding about laws and regulations applicable to financial planning practice in Thailand.

Ethics and Fitness

This will be accepted

The candidate must adhere to TFPA’s Code of Ethics and Professional Responsibility, and Financial Practice Standards.

Certification

This will be accepted

Ongoing Competency (CPD)

This will be partially accepted

TFPA accepts some portion of CPD credits completed in the Home Territory and the candidate is required to complete CPD credits specifically on having knowledge and understanding about NEW and UPDATED laws and regulations applicable to financial planning practice in Thailand, if any, at the time of applying the re-certification application. However, the number of CPD credits and the verification of such CPD credits have not been finalized yet.

Re-certification

This will be accepted

To remain certified in Thailand, the candidate must abide by the CFP certification standards and the certification renewal requirement, including completing the required continuing professional development credit hours of no less than 30 hours per two years.

Public Contact

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