NISM renews recognition of Certified Financial Planner certification in India

According to a press release, the Financial Planning Standards Board (FPSB), owner of the Certified Financial Planner certification program, requires accreditation from NISM. This enables CFP professionals offering investment advice to register as investment advisors as per the Securities and Exchange Board of India norms.

NISM has renewed the accreditation of the 19 year old CFP Certification Program after reviewing the application of FPSB Limited, which outlined the Board’s mission, reputation, global affiliation, financial strength and policies and quality standards relating to curriculum development and examination administration has gone. Program in India.

NISM’s current accreditation of the CAFP certification is valid from 1 March 2022 to 28 February 2024, and is eligible to be renewed every two years, subject to monitoring and approval of the program by NISM, the release said.

Noel May, CEO, FPSB Ltd. said, “FPSB Ltd. is pleased that CFP professionals from India providing investment advice are eligible to register as investment advisors under the Securities and Exchange Board of India regulations.”

“FPSB Limited and the community of over 2,300 CFP professionals in India to benefit the Indian public by establishing, maintaining and promoting competency, ethics and practice standards and certification requirements for CFP professionals and the financial planning profession in India Committed. The accreditation by NISM reinforces our efforts to attract a new pool of talent to the financial planning profession in India.”

This news comes after a recent announcement by the Financial Planning Standards Board that the number of CFP professionals in India grew by 17.6 percent last year, reaching a total of 2,338 CFP professionals as of December 31, 2021. Growth in India has been consistent with growth. Global movement according to the board.