The
Autorité des marchés financiers (AMF) has amended the
Regulation respecting the issuance and renewal of
representatives' certificates.
The
changes will come into effect on April 1, 2014. Starting
then, for the AMF to issue an F.Pl. certificate, representatives
will have to have taken and passed the IQPF exam within the six
years preceding the application or else take the IQPF exam
again.
If more
than six years have elapsed since you passed the exam, you can be
exempted from taking the exam again if you meet one of the
following three conditions:
- You held a
certificate issued by the Authority in the “financial planning”
sector for at least 2 years in the 6 years preceding your
application for a certificate, and you satisfied the requirements
pertaining to compulsory professional development;
- You took part in
professional development activities corresponding to those provided
for under the Regulation respecting the compulsory professional
development of financial planners (chapter D-9.2, r. 14.1) and
accumulated the equivalent of at least 40 professional development
units, apportioned in the manner set out in section 3 thereof, in
the 6 years preceding your application for a
certificate;
- You were a member of
a professional order with which the Authority entered into an
agreement pursuant to section 59 of the Act, and were authorized,
under such agreement, to use the title of “financial planner” for
at least 2 years in the 6 years preceding your application for a
certificate.
For
example:
It is May
1, 2014. You earned your IQPF diploma in 2000, and since then you
have never applied for a certificate with the AMF. You have not
done any professional development, and you have never been a member
of a professional order that has an agreement with the AMF about
the F.Pl. title. You will have to take the IQPF exam again
if you want to receive the F.Pl. certificate.
Second
example:
It is
still May 1, 2014. You earned your IQPF diploma in 2000. Until
2012, you did not hold the F.Pl. title and you have done no
professional development. From January 2012 to February 2014, you
were a member of the Ordre des Adm. A. and you were authorized by
that order to use the F.Pl. title. If you meet all the
other requirements stipulated in the regulation, you will not have
to rewrite the IQPF exam in order to receive your F.Pl.
certificate.
Click here to view the
regulation.