A SUMMARY OF THE CODE OF ETHICS FOR FP CANADA CERTIFICANTS

Question 1

The principle of __________ encompasses the following duties:
* The duty to place the client’s interests ahead of the certificant’s own
interests and the interests of all others
* The duty to disclose conflicts of interest and to mitigate conflicts in the
client’s favour
* The duty to act with the care, skill, and diligence of a prudent professional

Answer 1

Loyalty

Question 2

__________ means rigorous adherence to the moral rules and duties imposed by
honesty and justice. Integrity requires the certificant to observe both the letter
and the spirit of the Code

Answer 2

Integrity

Question 3

___________requires intellectual honesty, impartiality and the exercise of
sound judgment, regardless of the services delivered or the capacity in which a
certificant functions

Answer 3

Objectivity

Question 4

_________ requires attaining and maintaining a high level of knowledge and skill, and applying that knowledge effectively in providing advice or services to clients.

Answer 4

Competence

Question 5

_________ requires providing clients with what they should reasonably expect from
a professional relationship, and includes honesty and disclosure of all relevant
facts, including conflicts of interest.

Answer 5

Fairness

Question 6

________________ requires that client information be secured, protected and
maintained in a manner that allows access only to those who are authorized.
A relationship of trust and confidence with the client can only be built on the
understanding that personal and confidential information will be collected, used
and disclosed only as authorized.

Answer 6

Confidentiality

Question 7

__________is the degree of care and prudence expected from certificants in
the handling of their clients’ affairs. Diligence requires fulfilling professional
commitments in a timely and thorough manner and taking due care in guiding,
informing, planning, supervising, and delivering financial advice and/or services
to clients.

Answer 7

Diligence

Question 8

_____________refers to conduct that inspires confidence and respect from
clients and the community, and embodies all of the other principles within the
Code of Ethics.

Answer 8

Professionalism