CFP Board's Board of Governors Reviews Comments on Proposed Revision of Ethical Standards.DENVER Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. -- At its meeting today in Nashville, Tenn., the Board of Governors (Board) of Certified Financial Planner Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. Board of Standards, Inc. (CFP 1. CFP - Constraint Functional Programming. 2. CFP - Communicating Functional Processes. 3. CFP - Call For Papers (for a conference). Board) reviewed comments received on an Exposure Draft of proposed revisions to CFP Board's ethical standards. The Exposure Draft was recently released for public comment and generated 336 comments from CFP([R]) certificants, many organizations in the financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against community, and representatives of the public. The Board considered the comments and suggestions, including input from CFP Board staff, and determined to take the following steps: * A task force of Board members who have been most involved with CFP Board's ethical standards has been appointed to consider the input provided by those commenting on the original Exposure Draft. The Board will take up this issue again in January 2007. * The comments received on the original Exposure Draft will be posted on CFP Board's Web site by November 3, 2006. Comments will be posted with the commenters' names, but no contact information, and commenters may contact CFP Board with a request to remain confidential. * CFP Board's upcoming publications will include articles summarizing major issues related to the Exposure Draft and providing additional information about those issues. Barton BARTON, old English law. The demesne land of a manor; a farm distinct from the mansion. C. Francis, Chair of the Board of Governors, commented: "While we expected the treatment of fiduciary duty Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary legal duty - acts which the law requires be done or forborne to be the focus of attention, that focus was overwhelming, and some proposed changes drew very few comments. The Board plans to address key themes and other clarifications in line with its important public purpose." The mission of Certified Financial Planner Board of Standards Inc. is to help people benefit from competent, professional and ethical financial planning. CFP Board owns the certification marks A certification mark on a commercial product indicates five things:
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