Which framework guides privacy and ethics obligations in FP practice?

Which framework guides privacy and ethics obligations in FP practice?

• A. SEC rules and privacy regulations
• B. HIPAA privacy rules
• C. FP Canada Code of Ethics and privacy laws
• D. GDPR only

Answer: (C)

In Canadian financial planning, the guiding framework for both privacy and ethical conduct is the FP Canada Code of Ethics and Standards of Practice, together with applicable privacy laws. The Code of Ethics sets the professional standards for integrity, confidentiality, and fair dealing, while privacy laws such as PIPEDA (and provincial privacy statutes) govern how client information can be collected, used, and disclosed. This combination provides the overarching obligations for how you conduct yourself and handle client data in practice. The other options point to frameworks that apply in other countries or contexts (US securities rules, HIPAA, or EU GDPR) and don’t govern Canadian FP practice.

In Canadian financial planning, the guiding framework for both privacy and ethical conduct is the FP Canada Code of Ethics and Standards of Practice, together with applicable privacy laws. The Code of Ethics sets the professional standards for integrity, confidentiality, and fair dealing, while privacy laws such as PIPEDA (and provincial privacy statutes) govern how client information can be collected, used, and disclosed. This combination provides the overarching obligations for how you conduct yourself and handle client data in practice. The other options point to frameworks that apply in other countries or contexts (US securities rules, HIPAA, or EU GDPR) and don’t govern Canadian FP practice.