A A A

Requirements and Regulations

The IQPF is responsible for the training and education of financial planners in Quebec.

All financial planners must accumulate 40 professional development units (PDUs) over a period of two years. This two-year period starts December 1st of every odd year. Therefore, cycle 010 is from December 1, 2017 to November 30, 2019 while cycle 011 will start December 1, 2019 and end November 30, 2021.

  

Professional Development Requirements

 

The following table indicates how many PDUs are needed in each category per two-year cycle: 

Professional development category Number of PDUs per cycle
Integrated personal financial planning (IPFP)
15 PDUs
Training activities in one or more of the financial planning areas (SFPA)
15 PDUs
Training activities in subjects pertaining to compliance with standards, ethics and business conduct (SC), and training activities in subjects pertaining to compliance with standards, ethics and business conduct related directly to financial planning (SC-FP)
10 PDUs, 5 of which must be in SC-FP*
Total
40 PDUs

*Compulsory course for all financial planners
Every two cycle (so every four years) all F.Pl. must take a specific 5 SC-FP course developed by the IQPF. For cycles 009 and 010 (from December 1, 2015 to November 30, 2019), the course NPPF09A The Financial Planner: Building an Emerging Profession (or NPPF09, in French) is therefore mandatory for all F.Pl.

 

Extra PDUs

 

Extra PDUs are managed as follows:

  • Excess PDUs in the IPFP category will be transferred to the SFPA category
  • Excess PDUs in the SC-FP category will be transferred to the SC category

Extra PDUs are not transferable to the next professional development cycle.

 

PDUs Pro Rata


Financial planners who have received or will receive their certificate from the Authorité des marchés financiers within the current professional development cycle and who would like to know how many PDUs they will need at the end of the cycle can contact Sigrid Theunynck at 514-767-4040 or 1-800-640-4050, extension 232.