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Home > CFP^CM Certification > CFP^CM Certification Renewal


This section is for CFP^CM certificants looking to renew their certification. Please click here for the current CFP Certification Renewal Policy and Guidelines on CE Requirements. What are the Certification Renewal and Ongoing Certification requirements? When is the Renewal Period? What if I miss the Annual Renewal deadline? How do I reinstate my certification within one or two years of my certification expiration? How do I reinstate my certification after two years of its expiration? Will there be reminders? How do I do a voluntary withdrawal? How do I reinstate a voluntarily withdrawn certification ? How do I get an exemption from certification Renewal Requirements?



What are the Certification Renewal and Ongoing Certification requirements? CFP^CM certificants are required to renew their certification annually in order to continue using the CFP^CM marks. To renew their certification, they must maintain technical competence and fulfill ethical obligations. They must complete a minimum of 15 hours of continuing education every year, to stay current with developments in the financial planning profession and better serve clients. In addition to the annual continuing education requirement, all CFP^CM certificants agree to voluntarily disclose any public, civil, criminal or disciplinary actions that may have been taken against them during the previous year as part of the renewal process.





When is the Renewal Period? The one year certification period is by calendar year, from 1 January to 31 December. All current CFP^CM certificants must submit their completed and signed certification renewal application forms with appropriate fees to the IFPHK before December 31 each year.





What if I miss the Annual Renewal deadline? A CFP certificant who misses the renewal deadline on 31 December can still apply for renewal before end of February in the following year without seeking reinstatement by paying a late fee of HK$200. If a completed application is not received by the end of February in the following year, the CFP certificant will be considered as not having satisfied the renewal requirements and the certification will automatically be suspended. The list of "temporarily suspended CFP certificants" will be posted on IFPHK's website and published in its official publication as public information. IFPHK may take any other actions it deems appropriate.





How do I reinstate my certification within one or two years of my certification expiration? For CFP^CM certificants who want to reinstate their certification after the renewal deadline and before 31 December of the next year or the year after, they must: Submit a completed CFP^CM Certification Reinstatement Form (English) (Chinese) together with a completed CFP^CM Certification Renewal Application Form (English) (Chinese) Pay appropriate certification fees for the year(s) lapsed Pay prevailing 1st or 2nd year reinstatement fee Fulfill the continuing education requirement for the year(s) lapsed Continue to adhere to IFPHK’s Code of Ethics and Professional Responsibility





How do I reinstate my certification after two year of its expiration? The former certificant has to retake and pass Paper 4 of CFP certification examination within 5 years after certification expiration, and re-submit CFP certification application to IFPHK to regain the CFP certification. If the certification has expired for more than 5 years, the former certificant is required to fulfil all 4Es requirements again in order to regain the CFP certification.





Will there be reminders? Several reminders will be sent to certificants reminding them of renewal and continuing education requirements prior to 31 December. After the extended renewal deadline on 28 or 29 February, a deficiency notice will be sent to certificants whose renewal applications are outstanding, alerting them that their certifications have been temporarily suspended . Before the certifications are lapsed for renewal for more than 1 year, a reminder will be sent to urge the certificants to do reinstatement within 1 year after certification expiration. Before the certifications are lapsed for renewal for more than 2 years, a relinquishment reminder will be sent to prompt the certificants whose certifications are temporarily suspended that failure to renew before the next deadline will lead to relinquishment of their certifications. If the certifications remain lapsed for more than 2 years, a notice will be sent to these former certificants that their certifications have been relinquished. They will need to retake and pass Paper 4 of CFP certification examination within 5 years after certification expiration, and re-submit CFP certification application to IFPHK should they want to regain their certifications. If the certifications remain lapsed for more than 5 years, the former CFP certificants are required to fulfill all the 4Es requirements again in order to regain the CFP certifications.





How do I do a voluntary withdrawal? A CFP^CM certificant may declare voluntary withdrawal by submitting a written request to IFPHK any time before the current certification expires. If such a request is not received before the certification renewal application deadline, it will be considered as "certification suspension" or "certification relinquishment" unless the reinstatement application is received with all renewal deficiencies being made up beforehand.





How do I reinstate a voluntarily withdrawn certification? Reinstatement of voluntarily withdrawn certifications can be granted by IFPHK if the former certificants choose to do so within the first two years that they withdraw their certifications; and they must: Submit a completed CFP^CM Certification Reinstatement Form (English) (Chinese) together with a completed CFP^CM Certification Renewal Application Form (English) (Chinese) Pay appropriate certification fees for the year(s) lapsed Pay prevailing 1st or 2nd year reinstatement fee Fulfill the continuing education requirement for the year(s) lapsed Continue to adhere to IFPHK’s Code of Ethics and Professional Responsibility Reinstatement of certifications is only allowed within the first two years of withdrawal of certifications. After that, the former certificant must retake and pass Paper 4 of CFP certification examination within 5 years after certification expiration, and re-submit CFP certification application to IFPHK in order to regain the CFP certification. After 5 years of certification expiration, the former CFP certificant has to fulfill all the 4Es requirements again in order to regain the CFP certification.





How do I get an exemption from Certification Renewal Requirements? A certificant who cannot comply with the renewal requirements for health reasons or other circumstances beyond his/her control can submit a written request to IFPHK for consideration. Such a request must include an explanatory letter and all applicable supporting documentation. All requests will be considered by the Executive Committee of the IFPHK on a case-by-case basis. Also, concessionary fees in the event of hardship will also be considered upon requests by certificants.

CFP^CM , CERTIFIED FINANCIAL PLANNER^CM and

are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd.(FPSB).
The Institute of Financial Planners of Hong Kong is the marks licensing authority for the CFP marks in Hong Kong and Macau, through agreement with FPSB.